Higher Rate For Bad Credit Score - Are they Evil?

Hi,

If your Credit Score is bad, you are charged a higher rate of interest than for a person with a good credit score

Now are they evil to do that?

No.


"'There are lenders out there who charge a higher rate and a higher closing cost because a buyer's credit is not very good,'said Liz Lamoureux, director of homeownership for the New Hampshire Housing Finance Authority. 'They're not all bad. They're covering their risk.' "
Higher Rate For Bad Credit Score - Are they Evil?

It just makes them business sense.

Cheers,
Johncy Edward
Yours Credit Score/Credit Repair Guru