How Much Does Poor Credit Really Cost?
Today, having low credit scores is no longer an option! The chart below gives you a good idea of the monthly costs of having scores below 740 (this score being the current standard to obtain the very best financing typically available).
| Best Credit Scores | 600 or less Credit Scores | |
| Mortgage (30yr. fixed, $200,000 | 5% = $1074/mo | 6% = $1199/mo |
| Auto Loan (6yr, $20,000) | 4..9% = $320/mo | 19.9% = $471/mo |
| Auto Insurance (2 car 100/300, 500 c&c) | $236/mo* | $359/mo* |
| Home Owners Insurance | $31/mo* | $94/mo* |
| Credit Card (Min. Pmt. On $1000 balance | 4.9% = $10/mo | 23.9% = $20/mo |
| Total = $1635/mo | Total = $2137$502 SAVINGS/MO. |
Safe Haven Credit has over ten years experience in restoring Consumers credit and helping them re-establish excellent credit scores.
Be “pro-active” about regaining control over your financial life. Call us today to get your “Free Guide” and learn the details of how the law can restore and protect your credit.
Categories: bad credit, bankruptcy, chargeoff, Consumer Advocate, credit bureaus, credit law, Credit Repair, credit Scores, Section 609, short sale
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