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Credit score

Discussion in 'Parenting' started by tommyjoan, Apr 10, 2019.

  1. tommyjoan

    tommyjoan New commenter

    How does the credit score affect the interest rate of car loans in Hamilton? I am planning to get a new car, but my credit score is 545 which definitely isn't a good score. So how much will I be charged as interest? What are the criteria that determine the interest rate of a car loan?
     
  2. freckle06

    freckle06 Lead commenter

    Why don’t you ask the company offering the loan? I can’t see how someone on here might know the terms and conditions of a loan company. If you’re getting a loan from a company for people with poor credit history you’ll be paying more than you need. See what your bank will offer you and gdont borrow more the you can afford!
     

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