I know my credit score could be better, but so far my 620 score has seemed OK. I don't really see how it affects my life on a day to day basis. So, when a friend with a 670 score started using Lexington Law to improve her credit report and raise her score while she was house hunting, I thought she must be overreacting. Lexington Law is a team of attorneys that specialize in removing inaccurate negative line items from your credit report, raising people's scores on average 40 points in 4 months (though some people report 100+ difference).

I was confused; her score was higher than mine and I thought I was doing OK. Plus, I didn't think 40 or so points could really make that much of a difference. My friend told me I should check out their online calculator, to get a feel for how much my credit score could be costing me in higher interest rates and more. I took a look, and here's what I found (TLDR; I could be saving a TON of money with a small difference in credit):

1. Home Loan Payments

Right now I rent an apartment, and I know that my subpar credit got me denied from several apartments when I was looking to move. But I want to buy a house someday, and I was curious how much my 620 credit score could affect my ability to get a home loan. I used Lexington Law's online calculator, told them my credit score and how many line items are on my report, to see how much more I would really be paying in interest on a typical home loan one day. The results shocked me.

I was absolutely surprised that credit I thought was OK, but not that bad, would cost me so much. But Lexington Law explained exactly how they estimated the payment based on the kinds of loans their calculator assumed I would take out (30 years fixed), my FICO score and more, so I knew that it was legit.

2. Buying A Car

Right now I'm still driving around in my grandma's old Honda Civic, but it's clear that all the years and miles haven't been good to it, and I'm going to need to buy a car in the next few years. So I used Lexington Law's calculator to see how much my credit would cost me at the auto dealership.

I honestly had no idea my meh credit score made this much of a difference, or that as little as 60 points could make this much of a difference for my financial life. But again, I trusted their calculator because they explained exactly how they calculated the number.

3. Personal Loan Or Credit Card

Emergencies happen to everyone, and I wanted to know if I would be able to get a personal loan or line of credit if I was injured and couldn't work, needed money to pursue a higher degree, etc.

I can't imagine how devastating it would be to be burdened by such a high-interest rate, just because of a few little points on my credit report. And if I wanted a credit card, I wouldn't qualify for many options.

After checking out the online calculator, it was clear to me that raising my subpar 620 credit score by just 40-60 points could easily save me $100,000 over the next few decades. I knew I was going to need help, and since Lexington Law's attorneys raise people's scores on average by 40 points in as little as 4 months, I feel like I'll be in good hands with them.

If you're like me and don't know how much your credit score is really affecting you, I recommend checking out Lexington Law's online calculator. After that, if you have peace of mind that your credit score isn't affecting your life, good! But if you're like me and discover that a handful of points could save you a ton of money, Lexington Law's attorneys will give you a free phone consultation to see if they can come up with a plan for you.

Update: Lexington Law is offering our readers free credit repair consultation, which includes a complete review of your FREE credit report summary and score. You can follow this link or call 833-335-5239 to take advantage of this no-obligation offer.

Call anytime between 7am and 11:59pm EST to get your free credit report and score!

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