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Does a persons age effect loan rates

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Does a persons age effect loan rates

Check your credit score. A strong credit score gives you a better chance of qualifying for a personal loan and getting a lower interest rate. Assess your creditworthiness by checking your free credit score. In general, scores fall into the following categories: 720 and higher: Excellent credit 690-719: Good credit 630-689: Fair or average credit 300-629: Bad credit. Looking at a less than friendly score. Take steps to build it up before you apply.

Does a persons age effect loan rates