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Bankrate on MSNWhat do the different versions of FICO scores mean?FICO scores 8 and 9 are commonly used for student loans, personal loans, medical loans, credit card lines and auto loans.
The average auto loan interest rate for new cars in the fourth quarter of 2024 was 6.35 percent, while the average used car loan interest rate was 11.62 percent. Your credit score plays a ...
Here’s what to know about credit scores and how to raise yours: A credit score is a three-digit number that indicates how ...
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FICO Score vs. Credit Score: What Lenders Really UseThe FICO score 8 is most common for general lending. The FICO auto score is used by auto lenders. The FICO 2, 4 and 5 models are most often used by mortgage lenders. FICO scores are calculated ...
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Having this information, especially for borrowers with a credit score similar to yours, gives you an idea of what rate to expect and a benchmark for comparing loan offers. The auto loan interest ...
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