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mel0456

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How does an increase in your APR effect your credit?

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Won't affect your score at all but the higher your credit score, the lower your interest rate can be.

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APR effected by Credit not Vise Versa

That has been the assumption here as well. When not having establiished credit or not in recent times the APR rates can be up as high as 20% even more in some instances. When recently putting a car on the road for the first time in some 17yrs. here going back to the exact same insurance agent previously used the first year sees a whopping 23% APR rate! I suspect if I switch over immediately to an online company I might still an APR rate up near that as well. Once the first year has passed however I suspect that will immediately drop below 18% having reestablished that type of credit.

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