Question

consumers with fico scores above 700 will qualify for lower interest rates on their loans than those with scores below 700. true or false

Answer 1

700 FICO® Score is Good, but by raising your score into the Very Good range, you could qualify for lower interest rates and better borrowing terms. A great way to get started is to get your free credit report from Experian and check your credit score to find out the specific factors that impact your score the most.