How Much Does Bad Credit Costs You?
How Much Does Bad Credit Costs You?
In today’s economy, access to credit is essential. It is more important than ever to achieve and maintain a healthy credit profile and credit scores. Sooner or later, you will need to apply for a credit card, a car loan, or a mortgage. At best, a bad credit profile or bad credit scores may cause you to pay much higher interest rates for those opportunities. A bad credit profile or bad credit scores may cost you thousands of dollars in interests annually. At worst, a bad credit profile and credit scores may deny you those opportunities. A bad credit profile or credit scores may prevent you from being approved for any credit needs. The chart below illustrates the effects of a bad credit profile or bad credit scores. For Example, a 30-year mortgage for $300,000 will cost the borrower:
CREDIT STATUS | RATE | TOTAL PAYMENT | COST OF BAD CREDIT |
Excellent | 3.92% | $510,640 | $0.00 |
Mildly Damaged | 5.2% | $593,040 | $82,400 |
Damaged | 6.89% | $710,566 | $199,926 |
Consequently, a bad credit profile or bad credit scores can increase your cost of living. Undoubtedly, a bad credit profile or bad credit scores affect more than your finances. A bad credit profile or bad credit scores affect your lifestyle. At Credit Genie, LLC / CredittGeniee.com™, we can help you fix your credit, improve your credit scores, and achieve a higher lifestyle. Call us today for a FREE Credit Repair Consultation 1(844) 4-GENIEE – 1(844) 443-6433.
Beware of Credit Repair Scams!
While credit repair is legal, some credit repair organizations are not. Before you hire a credit a company to help fix your credit profile and scores, consider the following suggestions:
Beware of credit repair companies that request advance payment...
- At Credittgeniee.com™, we only accept payment after we render services.
Beware of credit repair companies that do not disclose your rights...
- The Fair Credit Reporting Act outlines your right as a consumer to fix your credit without assistance. At Credittgeniee.com™, our mission is to go beyond compliant. We embrace the law and go two steps above it.
Beware of credit repair companies that promise to remove negative items from your credit reports...
- Only the data providers and/or credit bureaus can remove items from your credit reports. At Credittgeniee.com™, we help our clients direct their disputes to the appropriate parties.
At Credit Genie, LLC / Credittgeniee.com™, we emphasize strict regulatory compliance and innovative solutions to help our clients fix their credit profiles, improve their credit scores, and achieve a higher lifestyle. We are professionals – who are well experienced in the credit repair consulting services industry. We help our clients achieve a higher lifestyle by fighting for their right to fair, accurate, relevant, substantiated and verifiable credit profiles. Call us today for a FREE Credit Repair Consultation 1(844) 4-GENIEE – 1(844) 443-6433.