Biz4Loans a Small Business Loan Company in California Discusses an Easy Way to Figure the Cost of Bad Credit
To be specific, a 30-year-old with poor credit is likely to pay a quarter-million dollars more in interest payments over her lifetime (assuming an $18,000 car loan, $5,000 in credit card debts and a $400,000 mortgage) than a similar person with a pristine score. If the credit is good, but not excellent, we'll pay about $30,000 more over our lifetime than that individual with excellent credit, according to the calculator.
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