|
Understanding How Your Credit History May Affect Your Car Insurance Coverage 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:;
Carinsurance.com Is Available At All Dealerships With Internet Access!
You are ready to buy your first car. Researching the right vehicle can be a daunting task. You search for the right...
Read it then add your comment
New Concepts In Car Insurance - Pay As You Drive
You can pay as you talk with a cell phone plan, so why not pay as you drive auto insurance? It sounds like a good idea;...
Read it then add your comment
What You Need To Know About Auto Insurance
Let's be realistic, everyone needs to have auto insurance. Aside from the fact that almost every state requires it, it...
Read it then add your comment
Insurance For Car Wash Fundraisers
Non-profit groups in this day and age need to watch out for lawsuits, as it is an unfortunate reality. Having a good...
Read it then add your comment
Your Cars After-impact Diminished Value
The(ACV)Actual Cash Value Policy DOES NOT insure the property itself but the VALUE of the property.Okay let's...
Read it then add your comment
| 
