Does giving an insurance company your SSN affect your credit score?

4 Comments

1. tinkerbell25 says:

   June 23, 2009 at 1:01 am

   Sarah

   I’ve heard of insurance companies refusing to cover you if you have a low credit score. I highly doubt it would affect your score since your not seeking to borrow money.
2. fmulder21@sbcglobal.net says:

   June 25, 2009 at 10:09 pm

   Michele

   I don’t think so, they do a “soft inquiry” I keep up with my score and never see anything “hard”= Opening a new credit card. I’ve never even seen them on the “only credit checks you can see.” IE: American express reviewing your credit every few months…etc
3. Tom Larsen says:

   June 28, 2009 at 9:11 am

   Gladys

   Quick answer – NO!

   I have insurance companies that have 60 “tiers” of rates, so your credit “score” determines where you fall in the tier rating system.

   In no way does this effect your credit rating.
4. ★★★ Katharine ♥♥♥♥ says:

   June 30, 2009 at 1:53 pm

   Peter

   no, it won’t…
   they want it to see what kind of rates to give you – because how good of an insurance rate depends upon your credit with some companies.