Can they use your credit report for insurance purposes in Michigan?

Answer According to, although many states allow FICO or credit scores to be used by insurance underwriters to determine the price that should be charged for premiums or if a policy should be unde... Read More »

Top Q&A For: Can they use your credit report for insurance p...

Can an auto insurance company cancel your policy after reviewing your credit report?

Answer They usually can't cancel a policy due to credit. The rates can go WAY up though!

Is it legal for life insurance companies to check your credit report?

The Fair Credit Reporting Act (FCRA) gives insurance companies the right to access your credit file in order to send you unsolicited insurance offers. Insurers can also check your credit if you fil... Read More »

What if you have disability insurance and become disabled can they take your car your credit and still ask for money when the disability insurance was purchased to cover that type of event in life?

It is your responsibility to see that the DI pays you and YOU pay the payments on time. rem your agreement with the lender stated that YOU would make the payments on a certain date. HOW you get tha... Read More »

Do you have to report at fault accidents if they are not on your record when shopping for other insurance?

Answer Sometimes accidents don't show up on your record for a while. Eventually if your policy is in the middle of its term and they run a MVR or Auto Loss Report they may see the accident, most ... Read More »