Often the emphasis has been on refinancing a mortgage but fees are associated with closing. Whether you're an NBA player on strike or a newly minted Internet EarthWeb millionaire, the principal of saving money on interest is critical. Revealing tips to help negotiate down credit card interest rates. Making sure your credit reoprt contains correct information is critical. Armed with credit bureau data, consumers are no longer held hostage to high rates that they must confront their bank with.
Loan officers use scorecards to determine applicants risk profile.
All banks set interest rates based on risk based pricing. What this means is that if people score better they have access to lower cost loans.