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Insurance rates
This is an excerpt of an email sent to me from Texaswatch ( texaswatch.org ) which is one of those consumer and public interest watchdog organizations. This concerns using credit scores to determine insurance premiums.
[email text begins]
Check Your Credit Report Every Year
81% of Credit Reports Contain Errors
Insurance companies rely heavily on credit scoring when they set their rates. At Texas Watch, we believe that insurance credit scoring is unfair and should be banned outright. Credit scores are often based on flawed and inaccurate data. As a result, consumers see their insurance premiums increase. We will continue to push for an end to the unfair use of insurance credit scoring, but in the meantime, one of the most important things you can do as an informed consumer is to check your credit report annually. http://lists.texaswatch.org/t/5248973/2962771/1206/0/ [edit note: this is a link to annualcreditreport.com]
[another edit note: I deleted several paragraphs that tell how to get the free report, and how to dispute online]
If you have seen your insurance premiums go up as a result of errors on your credit score, we want to hear about it. Please take a moment to share your story with us.
http://lists.texaswatch.org/t/5248973/2962771/1207/0/
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