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What is the Price
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| Credit Status | Rate | Payment | Over 5 years |
Monthly Cost of Bad Credit |
| Perfect | 10% | $424.94 | $0.00 | $0.00 |
| Mildly damaged | 14% | $465.37 | $4,722.54 | $76.17 |
| Damaged | 20% | $529.88 | $8,593.30 | $138.60 |
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.
| Credit Status | Rate | Payment | Over 30 years |
Monthly Cost of Bad Credit |
| Perfect | 7% | $655.30 | $0.00 | $0.00 |
| Mildly damaged | 9% | $804.62 | $50,155.24 | $139.31 |
| Damaged | 12% | $1,028.61 | $130,791.63 | $363.30 |
If you are looking to make a major purchase in the next 6 to 12 months we suggest that you obtain copies of your credit reports from all three credit agencies ASAP.
Get Out of Debt! — Call Right Now — 1800 DEBT.COM
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