via Claude Reynolds Insurance Agency Inc. Blog on 6/28/11
Credit ratings basically give a history of how well you have been able to pay your bills. Many insurance companies especially those concerned with vehicles do use these ratings in determining the premium rates though this is not the only factor. In fact, many will also ask for other personal information. If we may take a car insurance company for example, they will use ones age, type of the car, driving history, and where one lives in addition to the credit ratings to determine insurance rates. ...
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