Paying More for Bad Credit
A bankruptcy will cost you more in insurance premiums, particularly for homeowner’s and auto insurance. The insurance mavens and their henchmen love credit scores and credit reports. All those dispassionate numbers lend themselves to justifying rate increases much better than real claims do. So even if you have no losses, your premiums may go up. Having BAD CREDIT does COST A LOT.
Related Posts
Shocking Facts About Your FICO Score!
Figures provided by FICO Inc. show that 25.5% of consumers (nearly 43.4 Million people) now have a credit score of 599 or below, marking them as poor risks for lenders…
How One More FICO Score Point Can Save You $11,000
A customer with a 679 credit score recently walked away from buying a house because he could not get the best interest rate on a $100,000 mortgage. Had his score been 680…
How the Difference Between Good and Bad Credit Can Impact You
How does credit impact you?
Here is a example: $150,000 mortgage with a 30 year fixed rate with 20% down. The difference between great credit and just getting approved credit:…
