4 ms·

I have an incredibly hard time imagining a 10-20 point drop in credit score (which is a typical drop that closing an account on an otherwise healthy creditor wo

I have an incredibly hard time imagining a 10-20 point drop in credit score (which is a typical drop that closing an account on an otherwise healthy creditor would cause) causing such effects. For years my credit score fluctuated between 790-820 depending on how many accounts I open/close at any given time and the outstanding balance, and nobody cared at all. Always got the best interest rates available on the market. I’m sure you are in absolutely good faith, but I just don’t believe the correlation is as you imply. Are you sure you just didn’t get hit by the inflation we are all experiencing?

prirun 5y ago
My insurance broker called at renewal because my rate changed so much. This was my 2nd year with him & this insurance company (Auto Owners). He specifically told me it was because of my credit rating change, and in the AO renewal papers, they included a page about credit ratings affecting insurance rates, how I could obtain my credit score, how to file a protest with Lexus-Nexus, etc.