This is why private loans can typically have higher interest rates than the comparable government especially if you don't have a great credit score as they will push up your rates. (videocreditscore.com)
A bank will then lend money based on the investment rather than lending to a borrower who has a great credit score. (iraaa.org)
That's not a guarantee, and you'll still need to have a great credit score in order to secure the best interest rate available. (studentloanhero.com)