TUESDAY, FEBRUARY 19, 2013
It is already common knowledge that your credit score is an important consideration when applying for a mortgage, car loan, or credit card and that you can be charged a higher rate of interest or denied completely if your score is below par. Were you aware, however, that your credit score is also used by insurance company underwriters when determining your qualification for coverage and final rate? The difference between a good and bad credit score can potentially cost you thousands of dollars in higher premiums each year.
Posted 4:41 PM