Should Insurance Companies Use Credit Scores?

Posted in Insurance Tips by Stephen Cook on July 15, 2010 No Comments yet

Many insurance companies are using credit scores as a factor in their rating and underwriting processes. This has come under some scrutiny as of late, due to the current conditions of the economy. Many feel that due to economic hardship people’s credit scores may have suffered. And in light of the insurance companies using these scores as a factor in determining rates, customers will end up having to pay a great deal more than they would otherwise. A

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