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Car Loan Rates

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Credit scores reflect financial activities over the years. It’s important to build a good credit score because it can take a long time to fix a bad one. If you already have a bad credit score, this does not mean you can no longer apply for a loan. Rule of thumb is, the higher your credit score, the better your chances of getting a loan approved and the better the rates. But don’t worry, there…

According to a 2017 public release by the Federal Reserve Bank of the United States, about 43% or 107 million Americans in the United States have a car loan with about 5.6% or about 6 million of these debtors 90 days or more behind on payments. Read on to find out how credit scores affect car loan conditions, how much Americans are paying every month and what rates each credit score group is getting on average.…