Quote:
Originally Posted by WinnisquamZ
After conversations with a few individuals in the insurance industry I was awakened to the fact that one’s credit rating is factored into rates. And over the past few years it has weighed more. Personally, mine has declined because I don’t have a mortgage or car payments. And carry little CC debt. Crazy world we live in
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This is very true! I follow my score on Experian religiously just for the heck of it. I have no mortgage, loans and no credit card debt. On the 4th of every month my credit score is reviewed. If I carry debt on a major purchase on my cc which I do sometimes for the points, my credit score goes up. If my credit card has no debt my score goes down. This happens like clockwork every month. There is no doubt about this!!
Dan