How do credit cards affect your insurance rates? The idea sounds absolutely preposterous; doesn't it? Even the thought that having too much credit card debt, or possibly paying your credit card bill late, or even becoming delinquent
by Robin Ercole
Haven't we been punished enough?
Hasn't every way to make more money off of those who are already in a bad financial state been made? Banks, credit card companies and mortgage companies are already punishing those who are struggling
Is there really a connection between paying a bill late and paying more for your auto insurance? Actually there is. It may be controversial to some, but insurance companies in most states now use a persons credit report to evaluate
by Dawn Hawkins
You don’t have a choice as to whether you carry auto insurance in most states. You might have to pay higher rates than others though. It can depend on your driving record. If you have a poor driving record, your auto insurance
by Gary Brown
Do you have a clean driving record and pay high auto insurance premiums, yet wonder why? Does your agent seem to avoid the subject when asked?
It is a touchy subject to be sure, but the reason may be something called an "insurance
I do think insurance companies should inform customers that the rate they pay is affected by their credit score. As consumers, I think we have the right to know why we are paying a particular price for a product or service. We