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Delaware Lawmakers Unveil New Bill to Ban Credit Scoring

East News • March 2, 2007
Delaware Insurance Commissioner Matt Denn and legislators on Friday unveiled legislation to ban all use of credit scores in setting auto and homeowner insurance rates. Denn was joined by the ...

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Subject: I agree with the intent, but not the method

Posted On: March 3, 2007, 8:54 am CST
Posted By: John
Comment:
I dislike credit scoring on home/auto insurance because a credit score is derived SOLELY on the use of debt. For those Dave Ramsey 'followers' out there this system tends to cause us to have higher rates. You could have $10 million in the bank and have no debt, and thus have no credit score and get a bad rate for an auto policy. How stupid is that?

That said... is it government's place to force a free market's hand? I don't think it is. But that's what they do.
Subject Posted By Posted On
RE: RE: How outrageous deCyberDiva
Jan 27, 2008, 7:26 pm
RE: RE: How outrageous JOhn H
May 10, 2007, 6:44 am
RE: How outrageous BG
May 6, 2007, 10:13 am
How outrageous Reagan
Mar 5, 2007, 5:27 pm
I agree with the intent, but not the method John
Mar 3, 2007, 8:54 am
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