Posted On: December 28, 2006, 4:49 pm CST

Posted By: Dennis

As an insurance agent in the State of NY for over 30 years, the use of credit score, or insurance score as the insurance companies would like us to name it, is an insult to any intelligent human being. Anyone who agrees with it use only see it from a selfish prespective and that's usually the insurance company. There is no correlation between a credit score and driving. There is no correlation between credit scores and owning a house. This is just a way for the insurance comapnies to charge more based on a tool call "segmentation". Instead of one table rate, segmentation delivers many and it is driven by credit and other factors. There are no hard evidence to support it but the insurance companies are doing their best to make our politicans believe it is true. Only the smart politicans, like the new Governor-elect of the State of New York, Elliot Spitzer, will recognize it for what it is. It is a system of greed based on contrived data to drive the product up for people who don't always pay on time. The system is discriminating against low income people which are usually minorities. I see it everyday and it is a crying shame that for people who can earn big money, they are the ones who usually pay more. The use of credit score should be ban throughout the entire 50 States because it also drive Identity Theft. The hackers are getting right into the companies that supply the "insurance scores" and now the consumer is victimized once again. That is the only correlation that credit scores provide, possible theft of your social security number and all your other personal data. So let your State Senator know that you object to it and maybe there will be more than 13 States seeking a ban on its use.