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See how much money a bad credit score really costs you.

You know that bad credit means higher interest rates, which in turn, mean more money paid over the life of each loan you take out. But do you really understand exactly how much a lower credit score costs you?

With this in mind, Consolidated Credit has designed the calculator below to help you understand the cost of bad credit – and the big savings associated with good credit. You can plug in different types of loans and different loan amounts to see how much interest you’d pay with different credit scores. This way, you can know what you’ll pay for a new loan at your current credit score level, versus what you’d pay if you take steps to improve your credit score before you apply.


Credit Score Loan Cost Calculator


FICO Score APR Monthly Payment Total Interest Paid Amount Saved
760-850 3.762%
700-759 3.984%
680-699 4.161%
660-679 4.375%
640-659 4.805%
620-639 5.351%