Credit score can affect auto rates
Kiplinger’s Personal Finance magazine recently listed five things that can hike your auto premiums. Their first tip was how auto insurance companies have a new found theory that people with low credit scores are more likely to get into accidents, leading them to charge higher premiums. (Kiplinger’s pointed out that a few states, like California, don’t permit insurers to use credit scores when setting rates.)
Don’t Ignore Your Credit Report
Over at Consumer Reports magazine, an article outlining seven money stumbles to avoid, discusses the importance of not ignoring your credit report.
Citing identity theft as a growing trend, the magazine stresses the importance of reviewing your credit report on a…
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