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In essence risk based pricing is a system of analysis, which determines the risk you pose to any lender as a potential borrower. Factors such as credit score; residential status and age are some of the measures used towards the final calculation. The lower the risk you present as a borrower the better the overall rate offered to you will be. What factors affect my credit score? There are many factors that contribute towards your overall credit worthiness. Although this list is by no means exhaustive, some of them include: - Your proven ability to manage credit, expressed through previous loans, credit cards ect The duration of your credit history How much you owe on average Your tendency to source new credit Is their any way of attaining my exact credit score before I apply? Yes, if you would like to get a better understanding of your credit worthiness before you apply for a loan or any other form of credit, you could try contacting one of the following agencies: - Equifax Experian Callcredit Lenders will use any one of these agencies to obtain a copy of your credit information once you apply. cheap rate loans garented loans loan calculator interest only consildate school loans