Wed.Aug 05, 2020

Remove 2020 10
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What Is the FICO Resilience Index?

Credit Corp

By the end of May 2020, more than 40 million people had filed unemployment claims due to COVID-19 and the resulting economic shutdowns. So, if you have a FICO Resilience Index of 10, it indicates that there’s a good chance that during economic upheaval such as a pandemic or recession , you’re still going to pay your bills on time.

Creditors 105
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How Much Does a Cosigner Help with Getting Auto Loans or Better Loan Terms?

Credit Corp

Instead, you’re offered a subprime car loan at 10% or even 20% interest because your credit isn’t strong enough to get a better rate. Imagine you finance $37,851, the average price for a new light vehicle in the United States as of February 2020. The average interest rate as of the end of 2019 for new car loans was 5.76%.

Loans 104