To: terry schmidt, retired,buyer and terry schmidt, [email protected]
insurance rates
disclose how your credit scoring actually determine peoples rates and.if those rates are based on the highest,lowest or combination of scores of each family unit.and do the rates go down with improved credit scores as fast as they go up when your scores falls
Why is this important?
When I called to ask the breakdown they use to determine mostly auto rates,I was unable to get any satisfactory ANSWERS. Why,they do it for demerits showing a table of sorts so you know where stand if you are caught speeding etc.Why countnt this or something similiar be done with credit score critia.and also another question people should have answered (If theres a couple or family of drivers are they based on the best score or the lowest scoreor on individual scores of those drivers? And last do our rates go down with a improve score as fast as they go up when your score goes lower.what kind of studies were used to even set up something like this and maybe it woulb be nice to see if some auto etc issurers use a lower,less harmful scale or maybe no scale at all