02-06-2009 12:07 AM
I was trying to find some information to what my interest rate on my card should be, based on FICO score at Experian of 702. Anyone have any idea where I can find this information, or does someone know it by chance? I'd love to lower my APR if possible
02-06-2009 01:13 AM
02-06-2009 01:17 AM
Clean credit profile. I've held this card for a year with no late payments. No late payments on any cards. My total credit combined is about $6400. I have a student loan for $2600. My credit to debt is around 50%. It will drop once I get paid because I'll be paying my other card off. No checks in over a year.
Hope this helps.
02-06-2009 07:21 AM
here are the national averages
02-06-2009 09:48 AM
also, the suze orman fico kit available for purchase at myfico offers an evaluation of your APR's based on your current scores, etc. i was happy to find that according to the suze kit, i am currenty receiving fair rates from all lenders. apparently if it is determined that you are not receiving fair rates, advice for lowering aprs is offered.
in general i'd say explore with your lender if there is a lower rate available by calling cs or back doors, lower rates always seem more fair though you can try to determine what it is fair even while you request reductions.
for me, reductions have been granted incrementally, like cli's so be patient but persistent and check back with lenders periodically (about every 6 months or so) if you feel strongly that your rates are too high and you may carry balances. otherwise, with the recession underfoot, you may not want to ruffle feathers if you aren't paying interest anyway, at least until things cool down a bit.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.