The same is true of rates
for other types of borrowing like auto or personal loans, particularly if the consumer has had past credit issues and is not a prime borrower.
The funds are accessible whenever you need them and are borrowed against at a usually lucrative interest rate, as compared to conventional loans or
other types of borrowing options.
Commercial financing is very similar to
other types of borrowing in that an applicant's credit score is one of the most crucial factors when it comes to securing a good interest rate.
You might have responded to one or more credit card offers several years ago, but have not opened up
any other types of borrowing accounts.
Compared to
other types of borrowing, getting approved for 90 day loans is quite easy.
Automotive financing (both leases and loans) affects your ratings just like
any other type of borrowing relationship.
It's easy to think about «credit» as one big bucket into which all your loans, credit cards, and
other types of borrowing are lumped together.