A credit cards APR means the Annual Percentage Rate of interest charged. IT is common now for cards to offer a zero-percent initial APR which can be on purchases, balance-transfers or sometimes both. This initial 0% period can either be used to avoid paying any interest on existing borrowing or can be used to make a profit.
The importance of having good credit scores is not something that you can overstate. Your credit score will determine how much you have to pay for a loan, the interest rates you get, how much finance you can get, and how easily you get it. Many people find it difficult to pay for certain essential things in their life such as their car, their home, or education, without borrowing money, and therefore it is absolutely essential to build a good credit score.
There are many questions people usually ask on refinancing a car loan with bad credit: I want to refinance my car loan but my credit is worse than when I bought it? Can I Refinance a car Loan with bad credit? I want to refinance my car loan but I have really bad credit any suggestion on where to get a loan? How can I refinance my car loan with very bad credit?
Unless you are looking to buy a car or house, you probably don't even care what a FICO score it, never mind what yours is. Anyone who has tried to borrow to purchase a home or even a car will know what a FICO score is.
Your payment history and the amount of debt you owe are important factors, but not the only issues that affect your score. Your FICO is the important issue in setting you credit score and borrowing potential.