Financial experts estimate that a less-than-perfect credit score can cost the average American tens of thousands of dollars over the years, since you’ll be paying higher interest rates on everything from mortgages to retail credit cards — if you can even obtain those things. One conservative estimate is that a lower credit score costs the average consumer $4,500-$6,000 per year or over $75,000 or more in a lifetime due to extra charges that are assessed simply because of your bad credit score.
What does this mean for your bottom line? When it comes to mortgages, auto lending, credit cards and insurance, the higher your score, the lower the interest rate you’re going to pay. Seek credit help today to save you thousands in the long-run!