05-15-2007, 06:49 PM
I just recently got my car insurance renewal (Nationwide) and I happened to actually read some of the insert pieces they put behind the slip that goes in your car. According to the notice, I don't qualify for their best rate because of data from my credit report - they claim I have too many accounts and that they've not been open long enough.
My credit report is spotless (I've checked) and I have student and vehicular loans that have been on there in good standing for years, some as long as 13. Up until about a year ago, I didn't use a Visa/Mastercard card at all, and only then opened one up to take advantage of the reward points - I paid for most things with debit card. I have zero account balances on the 2 dept. store cards I have, and have always paid them on time.
Apparently, this all tabulates to a ding on my record worth screwing me out of more money, even though I also have a clean driving record and have been their customer for over a decade. Any major insurance companies not use the credit scroing malarkey anymore? I'm not a credit or driving risk and I really feel the need to not give them another cent if this is their business practice.
My credit report is spotless (I've checked) and I have student and vehicular loans that have been on there in good standing for years, some as long as 13. Up until about a year ago, I didn't use a Visa/Mastercard card at all, and only then opened one up to take advantage of the reward points - I paid for most things with debit card. I have zero account balances on the 2 dept. store cards I have, and have always paid them on time.
Apparently, this all tabulates to a ding on my record worth screwing me out of more money, even though I also have a clean driving record and have been their customer for over a decade. Any major insurance companies not use the credit scroing malarkey anymore? I'm not a credit or driving risk and I really feel the need to not give them another cent if this is their business practice.