Why Does Allstate Use Credit Information to Evaluate Insurance Policies?
” • “Professional” on the secret system needed. Any takers? “[Allstate’s] Mellander recommends that a consumer who is asking questions about how much this or that is going to affect a credit score should “contact a professional or a financial adviser who can give them some honest, solid advice.” • NATIONAL ASSOCIATION OF REALTORS, 8/16/04: “It is important for the FTC study to point the way towards the elimination of artificial barriers to homeownership presented by untested models and inaccurate data limiting the availability of property and liability insurance.” • Previous items: • WashPIRG: Opinion – Credit scoring highly unfair – “In fact, you could have paid every insurance bill you ever received on time and never filed an insurance claim, and you could still have a bad credit score that would either make you pay significantly more for insurance or prevent an insurance company from offering you insurance coverage.” • Channel 7, Denver: Credit Score Could Affect Your Car Insurance
