Do credit card interest rates affect fico scores?

Answer Interest rates do not affect your credit score directly. The interest rates on credit cards and other loans will determine how much you pay in finance charges. A low credit score will cause credito... Read More »

Top Q&A For: Do credit card interest rates affect fico scores

How to Determine the Effect FICO Scores Have on Mortgage Interest Rates?

Mortgage underwriters typically consider 3 factors when underwriting a loan. These factors are sometimes called the 3 Cs: Cash, Collateral and Credit. Of the 3 factors, 2 are fairly straightforward... Read More »

Legislation on Credit Card Interest Rates?

Passed in 2009, the Credit Card Accountability, Responsibility and Disclosure--which was also known as the Credit CARD Act--introduced legislation for new laws regarding credit card interest rates.

Tips on Lowering Credit Card Interest Rates?

If you carry a balance on a credit card with a high interest rate, you could be paying significantly more than you have to. While the ideal situation is to pay off your credit card balance, for man... Read More »

How to Lower Interest Rates on Your Credit Card?

This will tell you how to lower your credit card interest rates.