"A decade ago, insurers priced policies by putting customers into about half a dozen categories based on perceived risk of reporting an accident, Morgan Stanley's Wilt said. Now insurers offer thousands of prices tailored to individuals based on variables such as their credit score or zip code."
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So it does matter, not just because of premiums but more companies are using your credit score to determine hiring you and promotions, if that ain't incentive enough to increase your score, I don't know what is lol. ; )
Another in the long list of reasons why keeping a high credit score is important, as well as another reason to protect your identity as well!
ReplyDeleteThanks for your comment Blake! ; )
ReplyDeleteThis is completely true! I was a part owner in an insurance company a few year's ago and I can attest to the fact that your credit score definitely impacted your rates!
ReplyDeleteMany Blessings,
M.