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How Much Interest You Actually Pay, Based on Your Credit Score

Your credit score is important to lenders, as it helps them assess you as a credit risk, but it’s important to you, too, because it ultimately determines the interest rates you pay on credit cards and loans. While I knew this in my early twenties, the significance didn’t really sink in until I thought of it in terms of pure cash—how much more or less was I spending on interest alone, based on my c