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Author :
Publisher :
Page : 0 pages
File Size : 31,60 MB
Release : 2022
Category : Consumer education
ISBN :
Describes rules governing insurance companies' providing, pricing, and changing insurance policies based on credit scores. Rules were established under General Statute 58-36-90.
Author :
Publisher :
Page : 9 pages
File Size : 21,82 MB
Release : 2005
Category : Consumer education
ISBN :
Auto and Homeowners insurance companies may consider your personal credit information when deciding whether to issue or renew an insurance policy, and how much premium to charge for the policy. If you are shopping for Auto or Homeowners insurance, or if your current policy is renewing soon, your insurance company may be looking at your credit history. We hope that the following information will help you understand how your credit information may be used, and how it can affect your insurance coverage and premiums.
Author : Martin H. Tarlington
Publisher : Nova Science Pub Incorporated
Page : 155 pages
File Size : 46,86 MB
Release : 2009
Category : Business & Economics
ISBN : 9781606929148
Section 215 of the FACT Act (FACTA)1 requires the Federal Trade Commission (FTC or the Commission) and the Federal Reserve Board (FRB), in consultation with the Department of Housing and Urban Development, to study whether credit scores and credit-based insurance scores affect the availability and affordability of consumer credit, as well as automobile and homeowners insurance. FACTA also directs the agencies to assess and report on how these scores are calculated and used; their effects on consumers, specifically their impact on certain groups of consumers, such as low-income consumers, racial and ethnic minority consumers, etc.; and whether alternative scoring models could be developed that would predict risk in a manner comparable to current models but have smaller differences in scores between different groups of consumers. The Commission issues this report to address credit-based insurance scores primarily in the context of automobile insurance. Credit-based insurance scores, like credit scores, are numerical summaries of consumers' credit histories. Credit-based insurance scores typically are calculated using information about past delinquencies or information on the public record (eg: bankruptcies); debt ratios (i.e., how close a consumer is to his or her credit limit); evidence of seeking new credit (e.g., inquiries and new accounts); the length and age of credit history; and the use of certain types of credit (e.g., automobile loans).
Author :
Publisher :
Page : 5 pages
File Size : 18,47 MB
Release : 2004
Category : Consumer credit
ISBN :
Author : John Ulzheimer
Publisher : Simon and Schuster
Page : 197 pages
File Size : 46,91 MB
Release : 2012-05-01
Category : Business & Economics
ISBN : 1621531430
Most credit books promise quick fixes and easy solutions to bad credit, but the truth is there is no quick fix when it comes to credit. Your best strategy as a smart consumer is to understand your credit inside and out. Credit expert John Ulzheimer can give you all the tools you need to master the world of credit, before or after you get into trouble, and take the power back into your own hands. Topics covered include: • The difference between a credit score and a credit report • The best way to deal with collection agencies • How to monitor your credit report • Protecting yourself from identity theft • The impact of student loans on your credit score • How to opt out of unwanted credit card offers The Smart Consumer’s Guide to Good Credit answers all of your questions about credit (including the ones you didn’t even know you should be asking!) and yes, even explains the best ways to work toward improving a bad credit score.
Author : Josh Lauer
Publisher : Columbia University Press
Page : 393 pages
File Size : 50,63 MB
Release : 2017-07-25
Category : History
ISBN : 0231544626
The first consumer credit bureaus appeared in the 1870s and quickly amassed huge archives of deeply personal information. Today, the three leading credit bureaus are among the most powerful institutions in modern life—yet we know almost nothing about them. Experian, Equifax, and TransUnion are multi-billion-dollar corporations that track our movements, spending behavior, and financial status. This data is used to predict our riskiness as borrowers and to judge our trustworthiness and value in a broad array of contexts, from insurance and marketing to employment and housing. In Creditworthy, the first comprehensive history of this crucial American institution, Josh Lauer explores the evolution of credit reporting from its nineteenth-century origins to the rise of the modern consumer data industry. By revealing the sophistication of early credit reporting networks, Creditworthy highlights the leading role that commercial surveillance has played—ahead of state surveillance systems—in monitoring the economic lives of Americans. Lauer charts how credit reporting grew from an industry that relied on personal knowledge of consumers to one that employs sophisticated algorithms to determine a person's trustworthiness. Ultimately, Lauer argues that by converting individual reputations into brief written reports—and, later, credit ratings and credit scores—credit bureaus did something more profound: they invented the modern concept of financial identity. Creditworthy reminds us that creditworthiness is never just about economic "facts." It is fundamentally concerned with—and determines—our social standing as an honest, reliable, profit-generating person.
Author : Florida. Treasurer's Office
Publisher :
Page : pages
File Size : 15,6 MB
Release : 2002
Category : Automobile insurance
ISBN :
In the last ten years insurance companies' use of consumer credit information for underwriting and rating personal automobile and residential property insurance policies has increased a great deal. In 2001 the Florida Treasurer and Insurance Commissioner announced the creation of a special Task Force to examine the use of credit reports and develop recommendations for potential legislation and /or insurance department rule. The work of this Task Force resulted in nine recommendations and the issues and discussion that led to them are set out, in this report.
Author : Howard C. Kunreuther
Publisher : Cambridge University Press
Page : 343 pages
File Size : 17,19 MB
Release : 2013-01-28
Category : Business & Economics
ISBN : 0521845726
This book examines the behavior of individuals at risk and insurance industry policy makers involved in selling, buying and regulation.
Author : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Consumer Protection, Product Safety, and Insurance
Publisher :
Page : 128 pages
File Size : 43,81 MB
Release : 2013
Category : Consumer credit
ISBN :
Author : The International Credit Insurance & Surety Association
Publisher : Anthem Press
Page : 195 pages
File Size : 27,2 MB
Release : 2015-06-01
Category : Business & Economics
ISBN : 1783084820
‘A Guide to Trade Credit Insurance’ is a reference book on trade credit insurance, written from an international perspective. It is a compilation of contributions from various authors and reviewers drawn from ICISA member companies. The book provides an overview of the whole process regarding trade credit insurance, including the history of trade credit insurance, trade credit insurance providers, the underwriting process, premium calculation, claims handling, case studies and a glossary of terminology.