Bad Credit Can Cost You 7 Figures... A bad credit score costs money – in many cases it could be over $1 million. That’s right over seven figures. If you have bad credit, the additional money you pay for things like mortgages, car loans and insurance, compared with what others with good credit pay, can be hundreds of thousands of dollars over a 30-year period.
When that same money is spent or invested wisely, that number could easily rise to more than $1 million.
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