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Repayment Expectations and Interest Rates Your Credit Profile Many lenders report the payments to the three credit reporting agencies, Experian, Equifax and Transunion. If you pay on time your credit score goes up. If not, it drops. As you probably know, a low credit score makes it hard to borrow money. The reverse is also true. A high credit score makes it easy to get approved for loans and the loans usually have lower interest rates.
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