What bad credit costs
Learn what you're paying for bad credit.
Credit is a necessity. Whether it’s a mortgage, a car loan, or a credit card, good credit creates opportunities. Bad credit doesn’t. With today's economic challenges, it is more important than ever to achieve and maintain a healthy credit score.
For those with bad credit, increased interest rates may further inflate their cost of living, making even small purchases seem difficult. A bad credit report can cost you thousands of dollars a year in overpaid interest, or can keep you from being approved for credit altogether. Use the chart below to see how bad credit scores may impact you.
| CREDIT STATUS | RATE | PAYMENT | COST OF BAD CREDIT |
|---|---|---|---|
| Excellent | 3.9% | $1,179.17 | $0.00 |
| Mildly Damaged | 5.0% | $1,342.05 | $58,637 |
| Damaged | 6.3% | $1,547.43 | $132,574 |
It is easy to see the financial burden created by bad credit, but the real cost is more difficult to measure. Bad credit affects more than your finances, it can also attack your sense of security, and limit your personal freedom.
Working with Lexington Law to take action on your credit, is much easier to quantify. For about the same price of a monthly cable bill, our Concord Premier Service will start you on the road to credit freedom.
How Billing Works
A one-time first work fee will be charged 5 to 15 days (varies by state) after signing up for our service for work initially completed. The monthly fee begins 30 days (varies by state) after the first work fee is paid. Our service is month-to-month and you may cancel anytime. Like a utility bill you will be charged a final payment after cancellation since billing occurs for services already performed.
Service Levels
PremierPlus
PremierPlus includes all credit repair and score coaching services provided with the Concord Standard and Concord Premier service levels. You will also receive your FICO® Score based on TransUnion data each month as well as real-time identity fraud alerts and tools to manage your personal finances.
$129.95 one-time First Work Fee, $129.95/Month
Concord Premier
Concord Premier enhances Concord Standard's basic credit repair services by adding more ways to address your credit problems. You will receive credit monitoring, actionable alerts when your credit reports are updated, a monthly credit score improvement analysis, and access to InquiryAssist in order to address score-damaging credit report inquiries.
$109.95 one-time First Work Fee, $109.95/Month
Concord Standard
The Concord Standard service level covers the essentials of ethical credit report repair. Lexington Law communicates with both creditors and the credit bureaus on your behalf to ensure fair, accurate, and substantiated credit reports.
$89.95 one-time First Work Fee, $89.95/Month
Call for a free credit report summary & consultation
1-855-255-0139
FICO and “The score lenders use” are trademarks or registered trademarks of Fair Isaac Corporation in the United States and other countries.
© 2018 Lexington Law®. All rights reserved. John C. Heath, Attorney at Law, PC d/b/a Lexington Law, and of counsel attorneys. 360 N. Cutler Drive, North Salt Lake Utah, 84054. 1-833-793-3000
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