Sentences with phrase «use credit information»

Almost all insurance companies use credit information to price car insurance policies these days.

Many insurers use credit information to price auto insurance policies.

Insurance carriers also use credit information to determine what premiums to charge a particular policyholder.

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.

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 disclose this fact to consumers at the time of application.

According to a recent survey by Conning & Co., a Hartford, Connecticut - based insurance research firm, 92 percent of all insurance companies use credit information when underwriting new policies.

(Note that California, Hawaii and Massachusetts don't allow insurers to use credit information to set rates.)

Ask your insurance agent or company if they use credit information for underwriting and rating.

This can significantly cut insurance costs as insurers use credit information to price car insurance policies.

The following FAQs will help you understand how insurance companies use your credit information and how this business practice affects the cost of your insurance:

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.

The Insurance Bureau of Canada also acknowledged that «some companies may use credit information to identify and detect fraud.»

If you live in 1 of the 40 states including the District of Columbia that have no past or previous or pending laws about how employers use credit information to make employment decisions, then you could be subjected to the type of treatment outlined in the hypothetical story above.

Additionally, employers use your credit information to help them make decisions regarding your employment.

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

You are notified if someone attempts to use your credit information to open an unauthorized account.

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).

NOTE: If you have questions regarding whether an individual employer can use credit information in employment decisions, please contact your state department of labor.

Yet some insurance companies, where permitted by state law, use credit information in determining your rates for auto and home insurance.

Some States do not allow insurers to use credit information to determine your insure premiums insure should be insurance

Nowadays, over 90 % of auto insurance companies will use your credit information when determining approvals and rates.

You aren't borrowing money when you get insurance, but in some states insurers are allowed to use your credit information when setting your premiums.

In my mind, each of these tools have a place in the marketplace, as we all use our credit information for various reasons.

Currently, 11 states place restrictions on an employers» ability to use credit information for employment decisions — California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maryland, Nevada, Oregon, Vermont and Washington.

After rerating the consumer based upon the request, the insurer may not use credit information from rerating to increase the premium on any personal insurance policy the consumer holds.

You may not agree with this practice and not all insurers use credit information to set premiums.

Please use the credit information provided on this page.

Rather, using credit information to make hiring decisions — or to rent apartments, set insurance terms, or extend credit — is a clear way to perpetuate inequality, poverty and segregation.

People are frustrated by the lack of a workable appeals process over disputed items and the fact that consumers — not creditors — bear the burden to prove the accuracy of credit information.So it's no surprise that a major legislative proposal has surfaced on Capitol Hill that seeks to disrupt much of the American system of gathering, reporting and using credit information, including potentially significant changes in the credit scores that lenders use to evaluate most home mortgage applications.

Insurers are increasingly using credit information to price homeowners insurance policies.

Your credit score is calculated using the VantageScore ® model using credit information from TransUnion ®.

But within the last decade, insurance companies have also begun using credit information as an additional factor to help predict which persons pose more risk.

Some states prohibit insurers from using your credit information in their rate determinations; those include California, Massachusetts and Hawaii for auto insurance, and Maryland and Hawaii for homeowners insurance.

If a consumer does not have a credit history, or if an insurer is unable to determine a credit - based insurance score, the insurer is required to give that consumer an average or better than average rate or calculate a premium for that consumer without using credit information.

As a consumer, it is wise to speak to your agent or insurance company about how your insurer uses credit information.

Insurance companies are increasingly using credit information to price insurance policies.

That seems strange at first glance, but research has shown that using credit information to set prices has had a positive effect on claims and so the better your credit score, and the more positive your credit history, the better your premium for car insurance is apt to be.

The exceptions are California, Hawaii and Massachusetts, which prohibit insurers from using credit information to set rates.

Companies are running credit checks on job applicants more often and are using that credit information as part of the process when making hiring decisions.

Not exact matches

Consumers used to debate about whether people would be willing to provide their credit card information to shop online or trust that their package would get there on time.

In addition, credit applications provide important information about these customers that can be used in mailing lists and promotional activities.

Still, credit bureau reports do have some potential for error, so small businesses should not necessarily use them as the only source of consumer credit information.

Identity thieves frequently use a tactic known as phishing, in which they send an email that appears to be from a legitimate site — such as eBay, PayPal, or Amazon — and request your credit card information, account number, social security number, etc.Don't ever reply to these messages.

The online financial provider uses alternative information to create a proprietary credit score for loan applicants, such as checking account, payment processing, and other loan information.

In one recent cases a Baltimore man is facing federal charges of identity theft and bank fraud after he used personal information of at least three nursing home residents to open multiple credit card accounts without their permission.

The information in the records was eventually used to open department store credit cards at places like Barneys New York and Bergdorf Goodman; the alleged actions are estimated to have caused more than $ 50,000 in fraud, according to the New York County District Attorney's Office.

Right now, if someone steals your credit card information, it's a cinch for thieves to use it to make a counterfeit card.

Fundbox uses a proprietary algorithm to gauge likelihood of repayment, starting with your financial data — including accounts receivables, client financial statements, cash flow and payment history — and moving on to public data such as credit ratings, government information and social media accounts.

The VTOS program and the Greyball tool used techniques like looking at a user's credit card information and seeing if it was tied to an institution, such as a police credit union, to identify authority figures, according to the report.