Why do insurance companies check my credit score?

Views: 1819

Answers: 1

Jessica Li

Sales Rep

Insurance companies check your credit score only to offer you the best premium possible. It’s been shown that credit scores are effective in predicting future insurance claims. Credit agencies distinguish between consulting for insurance purposes and consulting for a loan. Your credit score isn’t affected when insurer runs a credit check. If you don’t want your credit score to be checked, insurance companies will respect your decision and offer you an insurance premium, although you might not receive the best premium.

2018-07-04 20:52:21

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