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thenamehobbs thenamehobbs
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11 months ago
Why do insurers use credit history as a factor in rating auto and homeowner's insurance?

▸ People with bad credit are less likely to pay their insurance premiums.

▸ People with good credit histories are likely to live in less risky areas.

▸ There is a statistical correlation between high credit scores and a person being financially responsible and having fewer claims.

▸ People with bad credit are likely to make fraudulent claims on their insurance.
Textbook 
Personal Finance

Personal Finance


Edition: 2nd
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jbeejbee
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11 months ago
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thenamehobbs Author
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11 months ago
Thank you, thank you, thank you!
kiara23247843
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Yesterday
Thanks for your help!!
terriroberts96
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2 hours ago
this is exactly what I needed
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