A FICO of 720 gets some of the best car loan interest rates, so, how does high credit debt increase the rate?

by Brad_Chaffee
Question by eany1955: A FICO of 720 gets some of the best car loan interest rates, so, how does high credit debt increase the rate?
I'm looking to buy a car in the next few months. I've read and heard that a score over 720 gets the best interest rates. Let's suppose I have 720 credit rating and 80% credit debt and only 20% available credit. (Cards almost maxed out).

How does this affect the interest rate?
Will I even be approved?


Best answer:
Answer by MadisonIf you

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