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Louisiana Insurance Report

How An Insurance Company Can Use Your Credit To Determine Your Premium

Posted by Levi Kastner on Jul 7, 2018 11:31:36 AM

You probably know that your credit score can be a factor on whether you receive a loan for a house or a car, how much interest you pay on your credit card debt or even your employment prospects. But many people do not realize their use of credit can also affect how much they pay for insurance. In most states, insurers can use your credit-based insurance score to determine your premiums. However, a regular credit score and your credit-based insurance scores are not the same. 

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Topics: How To Save Money

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