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How Has Bad Credit Affected Your Car Insurance Premium?:

Date: Mon, 02/01/2010 - 18:58

Submitted by anonymous
on Mon, 02/01/2010 - 18:58

Posts: 202330 Credits: [Donate]

Total Replies: 5


I keep hearing that car insurance companies are using credit scores to determine how much to chage consumers. How has it affected you?

Do they look at just the credit score, or the entire credit report?


This has remained as a subject of debate for over a period of time whether or not it's justified to check the credit score before giving an auto policy but more and more insurers are checking into that.

Anyway, the insurer would look into your credit report to check your loan repayment history, pattern and amount of outstanding debt. It is believed that people with poor credit are tend to file more insurance claims than ones with better scores.


lrhall41

Submitted by SC on Mon, 02/01/2010 - 23:49

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