It is common knowledge that motorcycle lenders base high importance on your FICO credit scores when approving motorcycle loans. However, what many people overlook is that their FICO credit score can highly impact the term on their motorcycle loan along with the interest rate that is assigned to the motorcycle loan.

In order to gain better motorcycle loan rates it is important that you think of your FICO credit score as a picture of how risky you are to the lender. Your FICO score is essentially a benchmark which lenders use to grade you and assign a risk to you when applying for a motorcycle loan. Since factors about your credit change on a daily basis so can your FICO credit score.

The below 5 steps are designed to help ensure you improve your creditworthiness as your credit score changes. Ultimately these steps should help you obtain better motorcycle loan rates in the future.

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