Win the battle against inflation: How to save $50,000 on your mortgage, credit-card and car loans

Win the battle against inflation: How to save $50,000 on your mortgage, credit-card and car loans

Here’s a potential inflation hedge to save money in a time of rising costs and interest rates: a rising credit score. People with “very good” credit scores could avoid nearly $50,000 in extra borrowing costs for a mortgage, credit card, car loan and personal loan that people with “fair” credit would have to pay. The nearly $50,000 is an estimate on the extra costs paid of the lifetime of transactions like a 30-year mortgage, a five-year car loan and a three-year personal loan.