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Scoop from TraderWise
5

Having a Bad Credit Score Can Cost You $200k

http://www.freemoneyfinance.com

Here's a piece from MSN Money that says the lifetime cost of bad credit is over $200,000. They detail how they got to this number, but the short version is that if you have a bad credit score you end up paying more for all sorts of things -- mortgages (where half the $200k costs lie), auto loans, credit cards, home equity loans -- basically whenever you borrow money.

 
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