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flag Poor credit scores can cost borrowers up to £13,541 more on a £10,000 loan over three years.

flag Individuals with poor credit scores may pay up to £13,541 more in interest on a £10,000 loan over three years compared to those with excellent credit scores, according to a report by TotallyMoney. flag This discrepancy also applies to smaller loans, with poor credit borrowers paying £6,678 more on a £5,000 loan over the same period. flag The findings highlight the financial benefits of maintaining a good credit score.

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