How credit/fico scores impact how much you will pay for a loan?

High FICO scores indicate that you have good credit while low FICO scores indicate that you have poor credit. People with high FICO scores/good credit usually obtain lower interest rates on loans, which means that the amount of interest they pay on their loans will be lower.

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manifest functions are the recognized and intended consequences of any social pattern, while latent functions are those unrecognized and unintended consequences. to analyze the manifest functions of any social institution, we have to study its contribution to the continuation of a group, community, or society.