See your credit risk based on your credit scoreMinneapolis, MN: We all have credit scores, but do you know what your credit score tells creditors? It tells us your credit risk, and likelihood of the money not being paid back. Of course a high credit score is no guarantee of being paid back, just like a bad credit low scores are not a guarantee of default, but creditors have plenty of historical data to give us an idea.Most lending is based off what is know as 'risk based pricing', which simply means the lower your credit score, the higher risk of default, and the higher interest rate you pay for that risk.Lenders Odds For Mortgage Late Payment Risk Press Control-D to Bookmark This Page More Than Just A Credit Score Other factors can come into play to help a lender mitigate risk. Amor...
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