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Million Dollar Debt Cost

FinancialindustrynewsFound this interesting on Yahoo!. An article that claims consumers can lose up to $1,000,000 over their life-time if they have bad credit. They have some numbers to back up the claim to. It’s really just simple math.

Here is a short quote from their full article, that covers just the mortgage side of a bad credit loss over time.

Pretty scary thought right. Losing that kind of coin over time. I just got my credit rating back after being bankrupt for 7 years, so I won’t be taking any toy loans for a long while.

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