The Price Of Bad Credit


What is the Price you are already paying for Bad Credit?

If you are making payments on a car, you are probably paying between $5,000 and $9,000 more in interest just for having bad credit. This added interest shows up every month in a higher payment.

 

 

Bad credit in auto financing can really hurt, but it is nothing compared to the cost of bad credit when a home is involved. A typical home can cost between $50,000 and $130,000 more in interest if you are buying the home with bad credit, as indicated below.

 

 

If you are looking to make a major purchase in the next 6 to 12 months you should obtain copies of your credit reports from all three credit agencies ASAP. You can learn more about obtaining and reading your reports as well as a variety of ways to dispute negative information by ordering your copy of "FREE Credit Score & FREE Credit Analysis".

 

 

Credit Card Resources


Bad Credit Credit Cards For No Credit, Bad And/Or Poor Credit

Secured Credit Cards:A Great Way To Establish Or Re-establish Credit

No Credit Checks ~ Instant Approval credit Cards

Prepaid Credit Cards - Instant Online Approval

 

 

About the Author

Liz Roberts is a freelance writer and loan consultant. The website BadCreditResources.com offers resources that specialize in providing loans and credit cards to people with bad credit.