junquemama
|
posted on July 12, 2002 10:49:00 AM new
My sister threw a hissy fit when she recieved her new auto policy.It was almost doubled what she paid yearly.The reason,according to her insurance agent was information on her credit report.
Back in the good ole days,You were charged by your driving record.What happened?
96 is the first time I recall credit and insurance being tied into each other.
Sister went down to talk to the agent in person,and empressed upon the impression she may have been born from Irish back ground.
Sister won, 10.00 more on the payment and wrong info on the policy.Sister doesnt work,
And she was charged for driving to work everyday.Check your info,And what does
credit and driving record have to do with each other?
|
gravid
|
posted on July 12, 2002 10:58:07 AM new
They claim an association between poor credit and claims.
Did you know that every juvinile deliquent investigated has also been found to eat ketchup?
Statistics can be used to "prove" any association you can imaigine.
Ask them what qualities they look for in the report to lower a persons rates.
|
rawbunzel
|
posted on July 12, 2002 11:11:16 AM new
"Statistics can be used to "prove" any association you can imaigine. "
I absolutely agree with that statement.That's the reason I rarely pay attention to any statistics.
Using credit reports as a means to tell what kind of driver you are is ridiculous.I had heard that they were using this but it went in one ear and out the other. I'm glad she won. I hope everyone that gets sucked into this stupidity will fight it.
[ edited by rawbunzel on Jul 12, 2002 11:12 AM ]
|
junquemama
|
posted on July 12, 2002 11:14:12 AM new
Being red head with a temper seemed to help sister. Sister has long hair pulled to the back in the shape of a pretzel.When she gets mad,The short hairs in front stand up like 2 horns,I kid you not!
|
junquemama
|
posted on July 12, 2002 11:18:37 AM new
Bunz,Maybe there were too many good drivers
And this is the only way to "shaft" the public.
|
rawbunzel
|
posted on July 12, 2002 11:26:55 AM new
I imagine the basis for this is the stress factor. They probably assume that if your credit is bad you will be under a lot of stress. So whats next? Maybe your rates will depend on the work you do or how many kids you have or if you have to take anti-depressants or anything at all they can think of to raise rates. The insurance insdustry is another one out of control.
The vision of your sister with her red-hair horns just cracked me up!
|
antiquary
|
posted on July 12, 2002 11:30:03 AM new
Lol. I just posted about horns on the Wimmer polio thread, only the context was completely different. 
Insurance is a rip-off.
|
junquemama
|
posted on July 12, 2002 11:37:18 AM new
When sister gets mad at me,She sulks,won't speak or lays down in her bed to take a I'm mad at you nap.I turn the tables on her and act as if I'm the one who is mad and I pretend to sulk.She forgets why she was put out with me and the tone mellows down quickly,Works 100 percent everytime.
|
krs
|
posted on July 12, 2002 11:40:38 AM new
Do you know that each time anyone takes a look at your credit reports for any reason your credit "score" will go down? The score will be affected even if you have not used a loan or even requested one.
The credit 'score' is a number which is used to determine whether you are a high credit risk and if so how high. A low score means that your application may be refused or if granted it means that you will pay a high rate of interest.
Once factors are entered into any one of the big three credit reporting companies it is entered in all of them and you play hell to have incorrect information removed or corrected.
There is a way to avoid all of this when applying for insurance and that way is to give them an incorrect social security number. I know that insurance companies should have no right to your SSN, but more and more of them are refusing to write a policy without it. The trick is that they all use a secondary reporting agency to run your number through and it can only obtain a sort of "pass-no pass" report on you without detail. So if you use a number that does not cause a buzzer to go off they will write the policy.
I just had to do this when the company that had carried my liability policy on a rental house refused to write any more policies for that anymore in this state. My broker had to go shopping and the SSN issue came up. I refused the number, they refused to write. The broker advised me to use another number so I used my dead father's. He won't be effected by it. That went right through even though my own name was used.
|
gravid
|
posted on July 12, 2002 11:41:11 AM new
The insurance people here in MI demanded that they set up a catastrophic injury fund for very very expensive medical demands that the state insisted they cover they did not want to cover. After a few years the fund had so many hundreds of millions it was an embarrassment in the face of all their moaning about how it would drive them out of business. They didn't think ahead what liars it would brand them.
|
junquemama
|
posted on July 12, 2002 11:41:57 AM new
antiquary,I don' know what Dr. Faustus looks like. 
|
junquemama
|
posted on July 12, 2002 11:55:41 AM new
junkson,They have us with the S/S numbers,On every application,phone,utilitys,cable,Can't breath
without a S/S number!Talk about enslavment.
I had a score problem with a mortgage,Had just the right amount to re-new (6) The mortgage Co.called in,On my number,As well as the insurance Co. When they got thru,I No longer had enough points.Pezzzzzzzzzzzzed me off!
|
antiquary
|
posted on July 12, 2002 12:01:20 PM new
Junquemama, I was thinking of more of a spiritual resemblence anyway, which leaves you free to create your own picture.
I've got to start proofing
[ edited by antiquary on Jul 12, 2002 04:45 PM ]
|
REAMOND
|
posted on July 12, 2002 02:06:34 PM new
Some companies also use the credit report for hiring, certainly for management positions. They'll even nix an hourly application for a bad credit report because they assume that the applicant is a bad risk and may they may have extra payroll costs for garnishments etc..
krs- your policy might be void if you supplied fraudulent information. If you get nabbed, be sure to say it was a mistake.
[ edited by REAMOND on Jul 12, 2002 02:12 PM ]
|
auroranorth
|
posted on July 12, 2002 03:55:12 PM new
what do these pencil pushing paper piling parasites produce ?
|
MAH645
|
posted on July 12, 2002 05:40:42 PM new
My car insurance went up because I'm going throught the change of life and refuse to take hormones and they say I'm a risk because I may not be nice to other drivers.
|
junquemama
|
posted on July 12, 2002 07:30:29 PM new
MAH645, But can they prove it?
|
auroranorth
|
posted on July 12, 2002 08:05:48 PM new
original post
you know if they were doing business without the report and now suddenly accessed it without your knowledge why not sue them for violation of privacy ?
|
gravid
|
posted on July 12, 2002 08:21:37 PM new
If you can find someone with your exact name that helps.
|
krs
|
posted on July 12, 2002 10:48:35 PM new
"krs- your policy might be void if you supplied fraudulent information"
That was my first concern of course. I am assured that the number is used only as a sort of pre-qualification. My broker is the only stage in the processing which sees the number given, and he/she then submits only a form statement that a check was performed and revealed no abberation. The number does not appear in any policy document or agreement. Nevertheless, I signed using my first initial and my middle name spelled out because it is the same as my father's first name. I'm almost positive that doing so was unnecessarily cautious.
According to that broker there are tests of the requirement already in progress through the courts.
|
auroranorth
|
posted on July 12, 2002 10:52:50 PM new
Its out of control,
I have seen electric companies and propane companies and telephone companies all doiong this.
|
auroranorth
|
posted on July 12, 2002 10:53:14 PM new
Its out of control,
I have seen electric companies and propane companies and telephone companies all doiong this.
|
