Your Credit Score Could Be Costing You Thousands of Dollars in Interest
There are plenty of reasons why we all want to raise our credit score as much as we can. Your credit score will not only determine how much money you can borrow when asking for a loan, but it will also determine the interest rate that you will end up paying. A good credit score could end up saving you thousands of dollars over the life of a loan.
The chart below illustrates just how much you could be saving if you could simply raise your credit score from “fair” to “very good.” A fair score is one that falls between 580 and 669 while a very good score will be in the 740 to 799 range. Depending on the type of loan, someone with a fair score could end up paying more than double the interest than someone with a very good score. When it comes to mortgages, that same person could end up paying upwards of $30,000 more in interest over the life of the loan. The more of these different loan types you have, the more the interest begins to pile up.
Improve Your Credit Score and Start Saving Now!
Raising your credit score from the fair to very good range can seem like a daunting task. Credit Repair Demo is here to help you do just that. Our team of experts will work for you to eliminate the items on your credit report that are hurting your score. Complete the FREE form below so that you can start saving thousands on interest too!
