Repair Your Credit | Credit Repair
Poor credit
does not have to be an obstacle to purchasing a new car or used car. Learn how
to repair your credit with the resources and information offered on Autotropolis.
Repairing your damaged credit can help you get the best possible financing rates
available.
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What is the Price you are already paying for Bad
Credit?
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If you are making payments on a car, you are probably paying between
$5,000 and $9,000 more in interest just for having bad credit. This added
interest shows up every month in a higher payment.
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Credit Status |
Rate |
Payment |
Over 5 years |
Monthly Cost of
Bad Credit |
|
Perfect |
10% |
$424.94 |
$0.00 |
$0.00 |
|
Mildly damaged |
14% |
$465.37 |
$4,722.54 |
$76.17 |
|
Damaged |
20% |
$529.88 |
$8,593.30 |
$138.60 |
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If you are looking to make a major purchase in the next 6 to 12 months you should
obtain copies of your credit reports from all three credit agencies ASAP. You can
learn more about obtaining and reading your reports as well as a variety of ways
to dispute negative information by ordering your copy of "Give Yourself Credit".
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Below are options you can take advantage of in knowing what your credit
score is and how to repair it:
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