|
What is the cost of
Bad Credit?
Unbelievable high interest rate charges on your mortgage, car, loans, etc are the cost of less than perfect credit. Credit affects the type of car you buy, the type of job you obtain, and insurance. With a reasonably high credit score you can refinance at much lower interest rates as well as have more financial leverage in your community and your personal life.
How many points can an inquiry lower my credit score?
An inquiry can lower your credit score 4 – 6 points each time an inquiry is made on your credit file. Different accounts or derogatory items can lower your score by 50 points as well.
|