A typical United States consumer will likely pay $279,002 in interest on credit purchases over the course of their life.
The Lifetime Cost of Debt Calculator shows how credit scores impact how much debt will cost you over your lifetime. Please click on age to change it and choose your current credit score range.
Based on a 30-year fixed rate loan at 4.5%. Please click on the home price above to change it.
Based on a new/used car purchased every 64 months at 6.075%. Please click on the car price above to
Based on an interest rate of 22% and a 3 year payoff with a $300 monthly payment. Please click on the debt amount above to change it.
Click on the credit score line (above the titles, Good, Exceptional, etc.) to see how a different credit score affects your lifetime cost of debt.
Contact Howard Cutler at Perfect Credit Consulting, LLC for the ANSWERS!
"Lifetime Cost of Debt," 2015, Credit.com