what is the average intrest rate for a 550 credit score?

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what is the average intrest rate for a 550 credit score?

2007-02-28 16:04:11 · 2 answers · asked by Sueanne P 1 in Business & Finance ➔ Credit

2 answers

It depends on what you are looking at and a lot of factors, but in general you would be looking at the following.

A Mortgage will be in the 11+% Range.
A car will be 19%+
Credit Cards will be 24%+ and will have huge fees.

2007-02-28 16:09:30 · answer #1 · answered by OC1999 7 · 1⤊ 0⤋

With a 550 credit score my son will sell you a car for about 24% interest with a down payment

2007-02-28 16:17:51 · answer #2 · answered by rallman@sbcglobal.net 5 · 0⤊ 1⤋