Your ability to negotiate for a reduced interest rate on a credit card or new loan depends on your credit score. You can benefit from other alluring offers you've received from other businesses depending on your credit score if you need more negotiating leverage.
What do you understand by credit score?
A credit score, which ranges from 300 to 850, represents a person's creditworthiness. The better a borrower seems to potential lenders, the higher their score. A credit score is determined by a variety of factors, including the number of open accounts, the total amount of debt, the repayment history, and others.
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