Sentences with phrase «insurer use of credit information»

Insurer Use of Credit Information: What New Mexico's Consumers Need to Know Download a brochure or email us to request a copy in the mail.

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If an insurer assigned a consumer to a less favorable rating category for a personal insurance policy based on the use of the consumer's credit information, that consumer could request a rerating of that policy no more than once annually.

We have agreements and controls in place with credit bureaux, credit insurers, other lenders and third party service providers requiring that any information provided by us must be safeguarded and used only for the sole purpose of providing the service we have requested the company to perform.

Comparison sites send your details to a raft of insurers, they then use information on your credit file to judge your quote.

Formerly known as TRW Information Systems & Services, and headquartered in Dublin, Ireland, it is one of the credit reporting agencies commonly used by insurers and lenders to obtain information on their applicants credInformation Systems & Services, and headquartered in Dublin, Ireland, it is one of the credit reporting agencies commonly used by insurers and lenders to obtain information on their applicants credinformation on their applicants credit history.

The vast majority of auto insurers use credit information to help determine your premiums, except in the three states where it's not allowed (California, Massachusetts and Hawaii).

Trans Union is one of the «Big Three» major credit reporting bureaus which are commonly used by insurers and lenders to obtain information on their applicants credit history.

Creditors and insurers may use your credit information as a means of sending you unsolicited offers.

Credit information is very predictive of future accidents or insurance claims, which is why Progressive, and most insurers, uses this information to help develop more accurate rates.

When Understanding How Insurers Use Credit Information to determine premium prices, it is important to be aware of any special restrictions that may exist in a motorist's state.

Insurers may use this information to pull your credit report, which is why it's important to make sure yours is free of errors.

That is why New Mexico passed the Personal Insurance Credit Information Act, effective January 1, 2006, to help protect consumers» and insurers» use of cCredit Information Act, effective January 1, 2006, to help protect consumers» and insurers» use of creditcredit.

Insurers that use credit information must disclose this fact to consumers at the time of application.

Insurers can not use credit information adversely impacted by the dissolution of a marriage, or the credit information of a former spouse as negative factors when determining an insurance score.

Insurers that use credit information must take into account the effect on a consumer's credit of any «extraordinary life circumstance,» including: an acute or chronic medical condition, illness, injury or disease; divorce; the death of a spouse, child, or parent; involuntary loss of employment for more than three consecutive months; identity theft; loss that makes a home uninhabitable; and other circumstances prescribed by the New Mexico Insurance Division.

You can check the Code of Conduct for Insurers» Use of Credit Information from the Insurance Bureau of Canada.

But even though your credit history is likely to have more impact on your premium than any other factor — your driving record or the condition of your home — insurers don't advertise their use of credit information.