17
Apr
NEW YORK, April 17, 2023 (Newswire.com) - Credello: If you're a subprime credit holder, you could be in for a tough time. Rising interest rates from the Federal Reserve are hitting your score hard, making it harder to get approved for new loans and leading to higher payments. What should you do? How subprime credit works What is subprime credit? Subprime credit refers to loans or credit cards given to people with lower credit scores than average. Because these loans are riskier, lenders charge higher interest rates to account for the risk. This makes it harder for subprime borrowers to…
