$1,000,000
At DebtTree we want you to truly understand how much you
cost yourself and your family by living with unsecured debt
that has affected your credit score….Here is what we are talking about that others won’t tell
you…
Mortgage:
The home. The American Dream. If you are in debt and past
due you will pay higher rates for a home loan. A 30-year,
$300,000 loan for someone with a good credit score puts the
payment at around $1800.00 per month. The family with credit
issues would pay almost $2,700.00 per month. This is an
increase of $900.00 per month. Over a 30 year mortgage that
comes to around $300,000. That’s right THREE HUNDRED GRAND
out of your pocket. Gone in higher interest charges.
Car Loans:
The average car loan is around $25,000. The interest on a
car loan for good credit would run close to 7%. However,
poor credit would put that loan around 14% interest. That
comes to a difference of $200.00 per month. If you bought a
car every 5 years you would pay $29,000 more in interest
payments over your driving lifetime.
Lost Investment Proceeds:
Investment proceeds? If you are in debt you might be
wondering what we are talking about. Well here it is. If you
could get out of the debt and clean up your credit score by
having no balances in the debt to income ratio side you
could see your credit score go to where it needs to be. If
you took the difference in House and Car payments and
invested that money every month @ 7% interest per year you
could have well over $1,000,000.00 dollars saved over a 30
year period.
Insurance:
All the insurances out there will cost you more if you have
debts that are passed due. Insurances companies know that
poor credit people make more claims than good credit people.
So, they are more at risk to insure.
Job:
You could lose out on a better job due to poor credit. Many
employers pull your credit report when you apply for a job.
Some employers see a risk if hiring poor credit people. The
same could be true of promotions. If you are not being hired
or promoted how much does that cost you?
Deposits:
If you have poor credit you may need to leave a deposit with
certain companies. Many times Utility companies and cellular
phone companies ask for larger deposits from people with
poor credit profiles. Or, they may just deny all together.
Health:
In addition to everything else that poor credit will do to
you it could also affect your Health. The day to day dealing
with debt can become a mental nightmare. Paying more for the
same things that others have is stressful in itself.
If you can pay your debt without problem, if you are not
passed due on your unsecured debt, if you have no hardships
that we talk about on this website, please have a great day.
Debt settlement is NOT for you.
However, if you are passed due or will be soon, if you have
hardships, if you can’t pay the 30% interest rates…Fill out
the form. Get a free talk with a real debt expert. It may
make you a millionaire someday.
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