{"id":5012,"date":"2014-01-09T23:04:48","date_gmt":"2013-06-12T00:05:49","guid":{"rendered":"https:\/\/creditrepairnewyork.net\/?p=5012"},"modified":"2014-01-09T23:04:48","modified_gmt":"2014-01-09T23:04:48","slug":"what-is-considered-a-bad-credit-score","status":"publish","type":"post","link":"https:\/\/creditrepairnewyork.net\/what-is-considered-a-bad-credit-score\/","title":{"rendered":"What Is Considered A Bad Credit Score?"},"content":{"rendered":"

What Is Considered A Bad Credit Score<\/span>?<\/h1>\n

A bad credit score<\/strong><\/span> can wreak havoc in many areas<\/p>\n

\"bad

bad credit score<\/p><\/div>\n

of your life. If you have a bad credit score\u00a0<\/strong><\/span>you aren’t likely to qualify for new credit
\nor loans. Even if you don’t like using credit cards you will usually need one for things
\nlike: reserving a hotel room, renting a car,setting up utilities, getting a cell phone
\naccount an so forth. And a bad credit score\u00a0<\/strong><\/span>not only interferes with you getting a loan
\nor a credit card it can also prevent you from: Getting a job. Many employers base their final decision
\non the applicant’s credit report. The status of your credit report gives the employer an
\nidea of how dependable you are likely to be. Getting an apartment. Most landlords do credit
\nchecks to see if potential tenants are financially responsible. Getting auto or home owners insurance.
\nInsurance brokers know that statistically more claims are filed by policy holders who
\nhave poor credit. If you have poor credit,you will be charged a higher premium or denied
\naltogether.<\/p>\n

So what is considered a bad credit score in 2013<\/span>?<\/h2>\n

Generally speaking, anything below<\/p>\n

\"what

what is a bad credit score<\/p><\/div>\n

620 is a bad credit score<\/strong><\/span>. You are going to have a very difficult time getting anyone
\nto lend you money. If you happen to qualify for a loan, your interest rate could be as
\nhigh as 36%. And on the off-chance you get a credit card, your interest rate will be
\nin the mid to high 20% and you’ll most likely be charged a security deposit or high acquisition<\/p>\n

fee. You will end up paying much more for purchases due to exorbitant interest and unnecessary
\nfees. You may also be charged more for insurance rates and some employers may even deny you
\na job. A credit score between 620 and 680 is considered sub-prime; not necessarily bad,
\nbut not good either. Here you are getting into dangerous territory and will likely pay
\nmuch higher interest rates, pay higher fees and have lower credit limits. Some lenders
\nand credit card issuers may even deny you altogether.<\/p>\n

How much is your bad credit score\"a<\/span>
\ncosting you?<\/h3>\n

Example 1 — Auto loan: $30,000 car paid over five years: \u00a0This shows someone with bad credit paying six thousand dollars more than someone with good credit!\u00a0Example\u00a02 — Home mortgage paid over 30 years: This shows a person with bad credit is paying a\u00a0quarter million dollars more than someone with good credit, holy crap! You can see how\u00a0having a bad credit score<\/strong>\u00a0<\/span><\/em>negatively impacts your life. Do yourself a huge favor and work\u00a0on repairing your credit and raising your credit scores; life will become so much better– and cheaper!<\/p>\n

We hope this article on what is a bad credit score<\/strong><\/span> was useful. Gives us a call today at 877-649-6322 and one of our associates will answer any questions you may have on how to repair your bad credit score.<\/strong><\/span> Much luck and success!<\/p>\n

www.CreditRepairNewYork.net<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

What Is Considered A Bad Credit Score? A bad credit score can wreak havoc in many areas of your life. If you have a bad credit score\u00a0you aren’t likely to qualify for new credit or loans. Even if you don’t like using credit cards you will usually need one for things like: reserving a hotel… Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[27,28],"_links":{"self":[{"href":"https:\/\/creditrepairnewyork.net\/wp-json\/wp\/v2\/posts\/5012"}],"collection":[{"href":"https:\/\/creditrepairnewyork.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/creditrepairnewyork.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/creditrepairnewyork.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/creditrepairnewyork.net\/wp-json\/wp\/v2\/comments?post=5012"}],"version-history":[{"count":7,"href":"https:\/\/creditrepairnewyork.net\/wp-json\/wp\/v2\/posts\/5012\/revisions"}],"predecessor-version":[{"id":5022,"href":"https:\/\/creditrepairnewyork.net\/wp-json\/wp\/v2\/posts\/5012\/revisions\/5022"}],"wp:attachment":[{"href":"https:\/\/creditrepairnewyork.net\/wp-json\/wp\/v2\/media?parent=5012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/creditrepairnewyork.net\/wp-json\/wp\/v2\/categories?post=5012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/creditrepairnewyork.net\/wp-json\/wp\/v2\/tags?post=5012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}