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Various factors such as the competing rates offered in the market, the prime interest rate set by the central bank, and the borrower\u2019s own credit score will result in a \u201cgood\u201d APR.\u00a0<\/p>
Companies in competitive industries will sometimes offer very low APRs on their credit products, when the prime rates are low, such as the 0% APRs sometimes offered on car loans or lease options.<\/p>
Although these low rates will look attractive, whether these rates last for the full length of the product\u2019s term, or if they are only introductory rates that will revert to a higher APR after a certain period has passed is what a customer should verify.\u00a0<\/p>
Moreover, customers with especially high credit scores are the ones that would qualify for low APRs.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t