What is bad credit costing you

With the price of housing and transportation constantly on the rise, it has become more important than ever to achieve and maintain a healthy credit score.

For those with poor credit, increased interest rates further inflate the cost of living, making even trivial purchases seem difficult. Here's an example of how poor credit can impact a 30-year mortgage of $200,000:

One time fee. We don't charge fees every month and draw of bank accounts like many companies. Even if you get new derogatory items on the report anytime after the process, there are no additional charges ever again!!!

Credit Status	Rate	Payment	Bad Credit Cost
Excellent	6%	$1 200.00	$0.00
Mildly Damaged	8%	$1 467.00	$96 120.00
Damaged	11%	$1 904.00	$253 440.00

Numbers like this make it easy to see the financial burden created by poor credit, but the real cost is more difficult to measure. Poor credit affects more than your finances, it can attack your sense of security, and greatly limit your financial freedom.

Fortunately, the cost of improving your credit is much easier to quantify -- effective August of 2008:
$400 per single person
$600 per couple