How much does bad credit cost?

If you purchase a $20,000 car over five years, mildly damaged credit will cost you $4,722.54. Poor credit will cost $8,593. If you purchase a $100,000 home over 30 years, mildly damaged credit will cost you $50,155.24. Poor credit will cost $130,791.63. If you pay $10 a month on a $500 balance on a credit card, poor credit will take 14 years and cost $1,174.36 in interest.