The High Cost of Bad Credit!!

Posted by Jacquie Allen
3
Jul 7, 2007
630 Views

If you have bad credit, you are most likely facing the following sub prime interest rate:



1. 30-year mortgage at 14% on $100,000 means you will pay

$426,556 in interest.



2. Two credit cards at 25% over a 30 year period with a $3,000 limit means you will pay $45,000 in interest.



3. Car payment at 29% for 3 cars in 30 years (Price of car -$20,000) means you will pay $70,560 in interest



GRAND TOTAL IN INEEREST OVER 30 YEARS

$542,116.00



**Bad credit affects the following things as well**

Auto Insurance

Life Insurance

Utilities

Business Loans

Employment

Etc.


YOU can have good credit, save all this interest and have an awesome retirement plan!

Let Ff1 help save YOUR FORTUNE from the credit process and convert it into Generational Wealth!

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