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People with a higher credit score typically pay _________ interest rates when borrowing money which _________ the cost of borrowing.

Question :

people with a higher credit score typically pay _________ interest rates when borrowing money which _________ the cost of borrowing.

Answer: 

You’ve probably heard that good credit entitles you to affordable financing, but could boosting your score by, say, 10 points significantly affect the amount of interest you pay?
The answer: Absolutely, depending on your starting point. While rates, terms and conditions vary among lenders, there are certain tiers you should aim for in order to secure the very best rates on a mortgage, auto or credit card loan.
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