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Knowing your credit score can give you an advantage when pursuing a loan and put you in the driver's seat for bargaining with the financier. If you know your credit falls in the "Fair" category you are considered to be a moderate credit risk, which may impact your chances of being 100% financed with zero down. Providing a cosigner or down payment could further help your chances at obtaining a loan and better rate. Being aware and actively checking your credit score once a year will help enable you to balance the negative and positive effects on your credit. It will also allow you to account for any possible mistakes or errors and begin to fix them immediately.
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