How much is having less than perfect credit costing you?
CREDIT CARDS: Most, if not all, Prime Credit Cards are completely out of reach to Customers with Bad Credit. The few Credit Cards that are available to those with bad credit typically require substantial "Set-Up" Fees and/or recurring monthly fees. They often require cash deposits, offer very low Credit Limits, and in most cases do not report Positive Credit Activity to the Credit Bureaus.
AUTOMOBILE FINANCING: If you are making payments on your car, you are probably paying between $5,000 to $9,000 in Higher Interest Charges for having Bad Credit. This added interest shows up as a Higher Payment. The following example is for a $20,000 car paid over 5 years.
| Credit Status | Rate | Payment | Cost of Bad Credit |
| Perfect | 7% | $424.94 | $0.00 |
| Mildly Damaged | 14% | $465.37 | $4,722.54 |
| Damaged | 20% | $529.88 | $8,593.30 |
As you can see, a low score can cost you hundreds of dollars each month and thousands each year. This is why it is so important to obtain and maintain as high a score as possible.
Is having Improve Credit.me assist you with improving your Credit Score worth it?
A 100 Point Increase can result in an Interest Rate Decrease from 7.5% to 5.0%.
Example 1: Home Loan for $200,000, 30 Year Fixed Interest
| Rate | Monthly Payment | Total Interest | Total Monthly Savings | Total Payment Savings |
| 7.5% | $1,398 | $303,433 | ||
| 5.0% | $1,133 | $94,627 | $265 | $95,400 |
Example 2: Auto Loan for $15,000, 5 Year Term
| Rate | Monthly Payment | Total Interest | Total Monthly Savings | Total Payment Savings |
| 7.5% | $300 | $3,034 | ||
| 5.0% | $283 | $1,984 | $17 | $1,050 |
Example 3: Credit Card Debt $40,000 for 20 Years (Paid off using a Home Equity Line of Credit)
| Rate | Monthly Payment | Total Interest | Total Monthly Savings | Total Payment Savings |
| 15.5% | $541 | $89,976 | ||
| 7.0% | $309 | $34,424 | $232 | $55,548 |
If this were you, our Credit Repair Process would have helped you save $514 per month and a total intrerest payments $151,225 with all your High Interest Credit Card Debt paid off!
