A Bad Credit Score Could Cost You Thousands

Home > Bad Credit, Credit Score, Credit Repair Information Forum > A Bad Credit Score Could Cost You Thousands Find out How A Bad Credit Score Could Cost You Thousands Most people know that having a bad credit score has a huge impact on whether or not they’ll be able to secure a car loan or a mortgage. But did you know that the score can also affects your employment, insurance, utilities, rental prospects and even your relationships? According to myFICO, someone with a credit score of 720 could take out a $200, 000 30-year fixed rate mortgage at 6.179%. Over the life of the mortgage, they’ll pay about $240, 000 in interest. Someone with a 650 credit score would get the same mortgage at 7.992% and pay about $328, 000 in interest — almost $100, 000 more! To talk about Mortages visit: http://www.FOuyeMortgage.com Even a small difference in interest on a car loan can cost you more than $1, 000 in extra interest. Read more here: http://my.granitebaypt.com/detail/120212.html... Post your comments below Posted by Bad Credit Score on 7/29/09 12:23 PM Twitter Facebook More REPLY to topic or start a NEW Topic < Previous Topic | Topic List | Recent Posts | Archives | Next Topic > View: Simple | Summary | Expanded As: Threaded | Msg List