Midwest News
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Rules Banning Credit Scoring Sent to Mich. State Panel
Midwest News • January 14, 2005
Insurance payers in Michigan soon may be paying less.
Gov. Jennifer Granholm and Office of Financial and Insurance Services Commissioner Linda A. Watters said last Wednesday they sent a ...
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| Subject | Posted By | Posted On |
|---|---|---|
| Rules Banning Credit Scoring Sent to Michigan State Panel | Rolf Neu | Jan 19, 2005, 6:37 pm |
| Back to article | ||
Subject: Rules Banning Credit Scoring Sent to Michigan State Panel
Michigan Governor Granholm is right on target: not paying your phone bill or mortgage on time does not increase the likelihood of your home being struck by lightning or your car being stolen.
The insurance industry has 'circled the wagons' and spent millions promoting their self interest that credit scoring benefits consumers.
Credit scoring is fundamentally discriminatory and forces millions who are already behind the economic 'eight-ball' to pay higher premiums.