Will A Less Than Perfect Credit Score Haunt Me Forever? - CREDIT RATING
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TODAY'S SAVING TIP
Under the FCRA, both the CRA and the organization that provided the information to the CRA, such as a bank or credit card company, have responsibilities for correcting inaccurate or incomplete information in your report. To protect all your rights ... Read more |
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CREDIT RATING: Will a less than perfect credit score haunt me forever?
It depends. If your credit information has improved, ask your insurer to re-evaluate your insurance score and adjust your insurance coverages or premiums accordingly. Illinois law does not require your insurer to re-evaluate your credit information, so if your insurer does not re-evaluate your improved credit to your advantage, you may wish to shop for new insurance at renewal to see if better prices and/or coverages are available from other insurers. However, you should never cancel your current insurance until you are definitely accepted by another company, especially if you have recent traffic violations or claims.ADDITIONAL CREDIT RATING RELATED FACTS
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Consumer Reporting Agencies - The Fair Credit Reporting Act
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