Sentences with phrase «leading factor in credit score»

Medical bills can cause havoc for years if they're left unpaid and are a leading factor in credit score decline.

Not exact matches

This may be true depending on the various factors that have led to a low score (i.e., bankruptcy, foreclosure, etc.), however, it's important to keep in mind that credit scoring is fluid.

Clarke has said that using consumer credit reports as a factor in setting insurance rates has had a crushing impact on Michigan drivers as the recession hit Michigan particularly hard, leading to plunging credit scores and sharply rising auto insurance rates.

Bad credit can not only result in higher - interest loans, but it can lead to higher auto insurance premiums, since insurance providers factor credit scores into their rates.