06/03/2026
Most of us know how important our credit score is for getting a loan. But do you know how much your score can impact your costs once you have the loan?
One analysis estimated borrowers with a lower score were charged an extra $3,400 each year, reflecting not just higher interest rates on mortgages and credit cards, but higher home and auto insurance premiums too.
Even a 20-point difference at the higher end of the scale can have an impact on your costs.
