People with bad credit pay more for everything!
It's pretty common knowledge that a better credit score results in better, more favorable terms when financing stuff. Simple
concept, higher credit score, less risk to the bank, lower interest to the consumer. Lower score, higher risk, higher interest.
But it actually extends to almost every aspect of life. Jobs, rentals, furniture, insurance, short term loans, banking options, cell phones, utilities...the list is endless.
In this episode, The Extra Credit Show go into detail and crunch some numbers to really breakdown exactly how much it cost to have bad credit, using real world examples. Hope you find it informative!
The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting and credit repair business since 2005. They often found themselves talking to each other about the current state of consumer credit, debt, credit bureaus etc. - take a listen to the minds of two passionate long time credit repair experts.
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