Does my score really cost me more?

[Anonymous]

I am trying to gauge how 2 negative/incorrect reportings have hurt my score and how much it has cost me over the years... They were auto insurance policies that were never corrected by the company.  How can fiqure out how much additional interest I have paid on things, just because these items were on my credit report.

[Junejer]

That's hard to tell, because you don't know the interest rates that you would have paid, if those baddies weren't there. However, you can estimate what the going interest rates on those loans would have been and take those rates, balances and terms and run them through an amortization schedule. You can do the same thing with the actual loans. Then, add up the interest on the actual loans and subtract the estimated interest on the fictitious loans and that is the estimated amount of $ that you have overpaid by having the baddies on your report.

[cobra19]

Lucie...................sure you want to know that? Why torture yourself?. It's best to just move on. There really isn't anything you can do about it, anyway.