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Originally Posted by BigCashCrew
Here is the answer...
The reason that some insurance companies use credit information is because they feel there is a direct correlation between consumer's credit history behaviors and expected claims that may occur. Therefore, they feel that people with better credit behavior are less likely to severe insurance losses.
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i think everyone understands why they do it. ($$) I am saying how is it legal. Your Credit score isn't something that people can check just because they feel like it. And CREDIT score has to do with someone's CREDIT or ability to BORROW MONEY. That is it's purpose and when these assholes run it they also knock your score a few points for the inquiry.
What next? Life Insurance? Health Insurance? Disability Insurance? You have a low credit score therefore we think you are more likely to do die. How about shipping insurance. FED EX start fucking running your credit when you ship a package ? " sorry sir, you have a 625 credit rating, if you want insurance on this package you will have to pay $200 more then the price listed. "
Credit score should be reserved for things that concern ones CREDIT, not a factious fucking gage for a company to try to charge you more money.