A good credit score will save you money, a bad credit score will cost you. Your credit report radially affects your life whether you are applying for a loan or a new job, a credit card or renting an apartment.
Your credit report is much more than just a mere record reflecting how many credit cards you have and how timely you are making your payments. Your credit score can determine whether your get what you want or don’t.
Having a higher credit score will bring you greater savings over the years and will also provide you with additional opportunities and benefits. As you can see on the chart below, having a good credit may save you close to $500,000 on the 30-year loan for $300,000. It is very costly to have a bad credit if you consider buying home or investment real estate.
| Credit Score Tier | Mortgage Rate | Monthly Payment | Total Interest Paid |
| 760-850 | 4.5% | $2,533.43 | $412,033.56 |
| 700-759 | 5.8% | $2,933.77 | $556,155.47 |
| 660-699 | 6.5% | $3,160.34 | $637,722.44 |
| 620-659 | 7.2% | $3,393.94 | $721,818.78 |
| 580-619 | 8.7% | $3,915.66 | $909,637.68 |
| 500-579 | 9.5% | $4,204.27 | $1,013,537.57 |
There are many credit repair companies that make big promises but rarely deliver. They are there primarily to make money off of you. Other credit repair companies offer solutions that, when used, are actually illegal!
This is why a reputable and affordable San Diego Credit repair attorney is so valuable. We can help you to reshape your credit history and bring you to new levels of financial freedom.
We can help you to:
- Improve your credit
- Dispute negative items on your credit history
- Increase the number of beneficial entries
- Create a credit strategy that will allow you to continuously grow your credit score
- Establish a business that won’t be affected by your credit score
Please complete the contact form on the right to schedule a 30-minute free consultation with us. We will evaluate your situation and show you the best options to accomplish your goals!