What is the cost of bad credit? Keeping bad credit costs more that fixing bad credit! Have you ever stopped to think that keeping bad credit costs more than fixing bad credit?  Can you afford not to have your credit repaired?  How much have you paid in additional fees due to a lower credit rating?  Excessive interest paid, higher insurance rates and unnecessary deposits are just a few of the financial hardships faced by those with bad credit.

Home Mortgages If borrowers have imperfect credit, the ability to qualify for a home loan may be great, if not impossible.  Also, as you can see below, even mildly damaged credit will cost a small fortune in additional interest.  Potential borrowers may be excluding themselves from the "American Dream" of owning a home if they don't have the credit scores to meet home lenders guidelines.   $200,000 mortgage paid over 30 years:  Credit Status  Rate  Payment  Cost of Imperfect Credit  Perfect  6.5%  $1,264.14  $0.00  Mildly Damaged  9.0%  $1,609.25  $124,239.60  Damaged  12.0%  $2,057.23  $285,512.40  Severly Damaged  Not Available  Not Available  Not Available

Automobile Financing If you are financing a car and have bad credit, you are probably paying thousands of dollars more than you would pay if you had your credit restored.  What do auto financing payments look like for different credit scores?  $20,000 paid over 5 years:  Credit Status  Rate  Payment  Cost of Imperfect Credit  Perfect  8%  $405.53  $0.00  Mildly Damaged  14%  $465.37  $3,590.40  Damaged  20%  $529.88  $7,461.00  Severly Damaged  25%+  $587.03+  $10,890.00+ Put an end to your credit problems!  Remember, it costs more to keep bad credit than to restore bad credit!  Contact us now to get started!  info@completecreditrepairllc.com