Comparison rate 6.88{bf6128eaee7daf804a40e739f155a69f2d5a72ca2bacccc9954495bcd60bdcac} p.a. for a consumer car loan, 0-1 year old vehicle, over a term of 3-5 years. Issues that drop a FICO score to such a level include defaulting on (failing to pay back) loans and credit cards, making payments past their due date, and/or carrying a high level of debt. With the economic situation taking a bad turn, it was natural to see people with less cash in their hands and defaulting on payments that they had to make. It turns out that measuring our creditworthiness – how likely we are to repay our debts – begins…