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Lender told me a 740 credit score got me a worse rate than a 698, I didn't believe it
I was talking to a loan officer at a credit union in Charlotte last month and she said the rate pricing isn't a straight line. She showed me a sheet where a 698 score with 20 percent down and low debt got a better rate than a 740 score carrying a $600 car payment. It comes down to your debt to income ratio and how the loan gets priced, not just the score. Has anyone else seen the score matter less than they expected when they got their quote?
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