Page One Economics ®

Page One Economics ®

Some debts are fun when you’re acquiring them, but none are enjoyable when you start retiring them. “

—Ogden Nash, United States poet

If you have ever taken an individual finance class, you likely understand that the instructor emphasized the significance of keeping an excellent credit history. The instructor may have stated that a credit that is good offers you usage of loans and charge cards with comparatively lower rates of interest. In addition, you had been likely warned of the effects of the credit that is bad additionally the possible risks of easy-access pay day loans offering money at a yearly portion price (APR) because high as 400 per cent. 1

Because the terms “FICO ® score, ” “interest rate, ” and “loans” were thrown around in course, possibly it absolutely wasn’t very long yourself wondering about your own credit score and its implications until you found. Therefore, so what does a good Isaac Corporation (FICO) score inform loan providers? Continue reading “Page One Economics ®”