Question: Why doesnt everyone qualify for the same interest rate when they apply for a loan? What are some of the factors that affect the rate

Why doesn’t everyone qualify for the same interest rate when they apply for a loan? What are some of the factors that affect the rate of interest a borrower has to pay?

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Interest rates on loans can vary from one borrower to another due to several factors that lenders consider when determining the rate they offer These ... View full answer

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