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In response to
"so far they are applying this factor to home and mobile home - so property policies - it's a direct factor for that policy - BUT - "
by
JenBro
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also - paying a quarter for reading the comments - but this guy hit a point that I think is a valid factor to watch out for ...
Posted by
JenBro
Jul 1 '14, 06:51
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here's his remark
One thing I have found that effects my Insurance score as well my FICO, is a high debt utilization %. The closer I got to my credit limit the worse my Insurance score got. I paid down my cc debt well below 30% and poof my Auto insurance renewal went down around 11% for 6 months. Everytime I shop for new insurance, I use this method and my friends dont understand why my Insurance has better coverage for a cheaper premium. Something to try and I'm located in MI, The second highest rated state ( thanks to no-fault insurance and the unlimitied medical coverage required by this fine state MCCA).
I had a client who checked his wife's because it was so poor ... she had too much available credit - was a lady that shopped and always took the credit card for the store she was shopping in to get the discounts. none of the cards had balances - but available credit dinged her
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Responses:
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