|
How Does Credit History Affect Car Insurance Rates? The companies that do use credit scoring will still use other factors in determining your premium. They will also use your age, driving history, type of vehicle, where you live in determining how much you should pay for your insurance. Is it fair for an insurance company even look at my credit information without my permission? The answer is yes. The Federal Fair credit-reporting act says "Reasonable procedures. It is the purpose of this title to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit, personnel, insurance, and other information in a manner which is fair and equitable to the consumer, with regard to the confidentiality, accuracy, relevancy, and proper utilization of such information in accordance with the requirements of this title." This can be found at http://www.ftc.gov/os/statutes/fcra.htm « Previous Page « » Discuss it » Continue Reading »
» Submit a comment or contribute to this article
Read More Articles, They Are Related to This Topic:;
Eleven Money-saving Auto Insurance Tips For Senior Drivers
Following a few simple tips and taking these measures will ensure that you are getting the lowest rates possible on...
Read it then read 2 comments about it
How Much Can My Auto Rate Increase After One Accident?
Accidents almost always make your insurance rates increase. Whether or not the accident was your fault, your insurance...
Read it then add your comment
Bankers Long Term Care Insurance
How many times have you seen people whose life was turned upside down by an accident?When an accident occurs,...
Read it then add your comment
Guide To Car Insurance
Here is a useful guide to car insurance. Buying car or motor insurance is important as it is legally enforced in the UK...
Read it then add your comment
About Accidental Death Dismemberment Insurance Quote
We don't hear much about getting an accidental death dismemberment insurance quote as no one is really pushing or...
Read it then add your comment
| 
