Credit report free score Knoxville

The effects of credit on coverage prices in some states can be significant. A car insurance comparison conducted by Texas regulators showed that, in their state, the practice caused “rate swings ranging from a 40 percent credit report free score Knoxville decrease to a 40 percent increase” for credit report free score Knoxville 90 percent of personal auto policies. The Massachusetts Association of Insurance Agents (MAIA) last week credit report free score Knoxville launched a petition drive to prohibit carriers from setting rates based on credit scores, education credit report free score Knoxville or the type of work a consumer does. “Using these factors to set auto rates is simply unfair, discriminatory and unreliable,” MAIA President Frank Mancini said in a statement.

The Property Casualty Insurers Association of America (PCI)—which represents more than a thousand insurers nationwide—shot back, saying it was “disappointed” by the MAIA’s efforts.

PCI pointed out in a statement that Massachusetts already has an administrative rule against credit scoring.

MAIA officials, who believe that auto premiums should be determined by consumers’ driving histories, said the rule is insufficient protection. In addition to the ballot measure, the association is supporting a Senate bill that would outlaw credit scoring.

The fight over credit report free score Knoxville credit scoring has raged across the nation credit report free score Knoxville for the past decade. Insurers tend to support the use of credit histories, holding that credit status is a reliable predictor of risk that helps them price policies more accurately. But many consumer groups say the practice is unfairly discriminatory, with those who can least afford them being stuck with the highest credit report free score Knoxville rates and minorities disproportionately viewed as credit credit report free score Knoxville risks. once a year free credit report According to the Insurance Information Institute, at credit report free score Knoxville least 27 bills aimed at curtailing credit scoring were introduced to state legislatures nationwide in 2010. In a 2007 report, the Federal credit report free score Knoxville Trade Commission reported that the practice helped carriers to more accurately gauge risk. But it also stated that the reasons for this credit report free score Knoxville were unclear and that minorities are considered higher risks as a result of credit scoring.

Source: http://www.ftc.gov/os/2007/07/P044804FACTA_Report_Credit-Based_Insurance_Scores.pdf To read more about this and other auto insurance issues, go to http://www.onlineautoinsurance.com/compare/ where you will find informative resource pages and a free-to-use quote-comparison generator. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. Related Credit Report Scores Press Releases NationalCreditReport.com® Reminds Consumers That Tax credit report free score Knoxville Season is a Smart Time to Check Their Credit Reports and Scores Delray Beach, FL (Vocus/PRWEB) April 13, 2011 NationalCreditReport.com®, a leader in credit report, credit score and credit monitoring services, reminds consumers that when theyre doing their taxes and have their finances at their fingertips, is also a smart time and a good reminder to check their credit reports and scores. free copy of credit report NationalCreditReport advises consumers to check their credit report at least quarterly, especially for those working on raising their credit score, to identify any inaccuracies and to view their credit as potential lenders see it. We think tax season is a logical credit report free score Knoxville time to do it because finances are already top-of-mind, said, Samuel S. Ambrose, Vice President of Marketing & Operations for NationalCreditReport.com. Since a credit score is like a credit report free score Knoxville birds-eye view at ones finances, checking their credit now is an easy step for the consumer to include in their tax time routine because theyre already thinking about their financial situation.

NationalCreditReport recently launched a new product credit report free score Knoxville offering that allows consumers to simply buy their credit reports with no trial of a credit monitoring service.

This one simple transaction does not include automatic enrollment in any free trial or recurring billing subscription programs. This ensures that the consumer does not have to credit report free score Knoxville be bothered by having to call and cancel and no monthly credit card charges.

According to Ambrose, an easy transaction like this fits nicely into ones tax time routine credit report free score Knoxville because it doesnt require any further action or credit report free score Knoxville follow up on the part of the consumer. Even for people not aiming at raising their credit score, its a good idea credit report free score Knoxville to check their credit report to make sure that there is no unauthorized activity that might turn out to be identity theft credit report free score Knoxville or surprise inquiries by lenders, said Ambrose. how to check free credit report

About NationalCreditReport.com Since 2004, NationalCreditReport.com has specialized in providing credit information and credit monitoring services to consumers to help them understand their credit report and score. NationalCreditReport.com credit report free score Knoxville is the only company in the credit report industry that places its main focus on credit report free score Knoxville allowing customers to buy a credit report with no trial of a credit monitoring service.