Most people don’t think credit score influences insurance rates, but they do.
Seattle, WA (PRWEB) March 11, 2015
In this newly released article, Complete Auto Loans explains why credit score can affect insurance rates. Most people don’t think credit score influences insurance rates, but they do. From late payments to how many credit cards show up, credit reports are used to determine whats called by insurers, an insurance score.
In this article, Complete Auto Loans shares, “Insurers use what they call an insurance score as a risk predictor. When determining needed coverage and the rates to use, insurers don’t look at your regular credit scores, such as the familiar FICO score. Instead, they look at parts of your credit report — how many accounts are past due and possible bankruptcies — to compile what’s called a credit-based insurance score,” To learn more about how to lower rates with credit history read the whole article here.
As an extra service, Complete Auto Loans also provides a complimentary online credit score tool which has helped drivers save thousands of dollars. Upon completing the easy online car loan application, applicants are given the opportunity to save thousands of dollars on their loan. For more information, visit Complete Auto Loans website.
About Complete Auto Loans:
Complete Auto Loans is a Seattle-based company that is dedicated to helping their customers acquire national car financing. They design and develop customized no credit financing, bad and good credit loans. Voted the best for "Quality Customer Service" and "Best National Service" by thousands of people, their finance experts focus on providing their customers with the following: information and tools available for different loan offers, how to choose the best loan that fits their budget, as well as related eligibility guidelines.