Forum Discussion
westernrvparkow
May 05, 2015Explorer
ugh wrote:A well stated, factual, explanation and course of action for the OP's situation. Things like that are not welcome here. You should be ranting about someone is somehow ripping people off. Just because insurance companies have proven to government regulators that credit scores are a reliable indicator to use when calculating risk and setting rates is no reason not to instead believe some guy named Joe who says it's all bullpoop.
Just to be clear to everyone. Having too many CCs or maxed out CC does not impact your insurance rate. Those things impact your credit scores which in turns impact your rates. Just like mortgage rate, car loan rates, etc. The better your credit score, the better your rates and it is not equal for insurance companies. That is why it pays to shop around even if you have great rates now.
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