PERSONAL FINANCE: HOW DO YOU FALL INTO SUBPRIME? 1

Credit Scores generated by the financial institution’s credit rating system range from 300 to 850, where the higher score denotes a better risk. A score below 600 is subprime. Although credit bureaus estimate that more than half of US residents have credit scores higher than 700 and will qualify for normal market rates on their loans, it is nevertheless important to find out how you can fall into the subprime category and be saddled with higher interests and more stringent loan provisions.
A score below 600 can be earned:
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