A 50 point increase in your credit score can save you this much in loan interest payment
Synopsis
While many are aware that a high credit score helps in borrowing money, they are not sure how this works. Many would like to know how much discount in terms of lower interest rate on a loan they can get if they improve their credit score.
While borrowing, who would not like to get the lowest interest rate from the lender? However, the reality is that the lowest rate is offered only to a few select borrowers. These rates are mostly offered to borrowers with a high credit score. We tell you how a good credit score can help you save big on interest payout and what you can do to get one.