Looking to refinance? The majority of lenders use what's called "tiered pricing", where your interest rate will increase as your credit score goes down. Individual lenders determine their own tiers.
Example: Let's say Frank has a credit score of 677. Lender A may have a tiered pricing structure that will give Frank a better interest rate on his loan if he were to have a 680 credit score (Just a 3 point credit score boost). Let's say Lender B's pricing structure indicates that in order to get the next best rate, Frank would have to boost his credit score up to a 700.
Go to our Opt-Out page for a chance at a quick credit score BOOST!
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