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Whats the difference between prime and sub-prime?

April 26, 2017difference Prime Sub-Prime

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Whats the difference between prime and sub-prime?

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• Prime financing is a banking industry term for the interest rates provided to folks with a demonstrated history of paying bills on time. • Sub-prime is a banking industry term for the rates provided to folks with a demonstrated history of not paying bills on time or at all (for whatever reason). Some banks prefer the term near-prime bank.