Living With Bad Credit

Are you one millions of Americans living with bad credit? If so, you’ve probably felt the frustration of trying to go about your life with limited choices. It really is a tough position to be in, especially if you have a family.  What’s most frustrating is for most people, having bad credit is a result of financial difficulty or challenging life circumstances. True, some people are irresponsible and cannot be trusted to pay anyone back. There are those who have a good source of income but just choose not to pay their bills.  This is a small minority of those who have bad credit.

The majority of folks with bad credit have had a rough time. Either they don’t make that much money and end up making lousy financial decisions out of stress and desperation or they’ve gone through a divorce, lost a job or have been too sick or disabled to work.

To add insult to injury, once you have bad credit, you can expect to pay MORE for most everything. Here is a list of what you can expect when you have bad credit…

The Cost of Having Bad Credit

1) Higher car insurance premiums –assuming you get approved.