Interest rates, which indicate the cost of carrying debt, are negatively correlated with an individual's credit score, meaning a lower credit score typically results in a higher interest rate.

Authors

• Person: Not available Organization: Spero Financial
  Understanding the Four Pillars of Personal Finance - Spero Financial

Sources

• Understanding the Four Pillars of Personal Finance - Spero Financial spero.financial Spero Financial via serper

Referenced by nodes (1)

• credit score concept