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Sagot :
The 4 factors that influence interest rates are credit score, time, tax and loan. The interest rates have made for large as well as small amount of money to the borrower.
The interest rates is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed. The total interest on an amount lent or borrowed depends on the principle sum, the interest rate, the compounding frequency and the length of time over which is lent, deposited or borrowed.
The credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual. The credit score is primarily based on credit report, information typically sourced from credit bureaus.
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