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FTC Finds Use of Credit Helps Consumers, Insurer Group Says
National News • July 20, 2007
The Federal Trade Commission's (FTC) study of automobile insurers' use of credit has reaffirmed the strong connection between credit information and the risk of loss and has determined that its ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: RE: RE: RE: RE: FAIR?! | jc | Jul 30, 2007, 2:04 pm |
| RE: RE: RE: RE: RE: FAIR?! | Nobody Important | Jul 26, 2007, 3:33 pm |
| RE: RE: RE: RE: FAIR?! | JC | Jul 26, 2007, 3:15 pm |
| RE: RE: RE: FAIR?! | Nobody Important | Jul 26, 2007, 2:31 pm |
| RE: FAIR?! | wudchuck | Jul 26, 2007, 12:13 pm |
| RE: RE: FAIR?! | JC | Jul 26, 2007, 9:59 am |
| RE: FAIR?! | Nobody Important | Jul 25, 2007, 9:57 pm |
| FAIR?! | wudchuck | Jul 23, 2007, 4:28 pm |
| RE: RE: FTC | Stat Guy | Jul 23, 2007, 2:40 pm |
| The Good - The Bad | DWT | Jul 23, 2007, 1:02 pm |
| RE: RE: RE: FTC | TruthBeTold | Jul 23, 2007, 12:24 pm |
| RE: RE: FTC | NTXCoog | Jul 23, 2007, 11:49 am |
| RE: RE: RE: FTC | CB | Jul 23, 2007, 10:47 am |
| Question... | Nebraskan | Jul 23, 2007, 9:34 am |
| really hurt | Jul 23, 2007, 9:09 am |
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| The Federal Trade Commission's -COMPLICITY | SOMETHING THAT PROTECTS | Jul 23, 2007, 9:06 am |
| who does credit scoring really hurt | roundtable | Jul 23, 2007, 9:02 am |
| RE: RE: FTC | Noboby Important | Jul 22, 2007, 6:22 pm |
| RE: FTC | wudchuck | Jul 22, 2007, 6:15 am |
| RE: RE: RE: FTC | Noboby Important | Jul 21, 2007, 9:37 pm |
| RE: RE: RE: RE: RE: FTC | Noboby Important | Jul 21, 2007, 9:33 pm |
| RE: RE: FTC | CB | Jul 21, 2007, 8:46 pm |
| RE: FTC | wudchuck | Jul 21, 2007, 7:45 am |
| RE: RE: RE: RE: FTC | CB | Jul 20, 2007, 7:57 pm |
| RE: RE: RE: RE: FTC | NTXCoog | Jul 20, 2007, 4:01 pm |
| RE: credit scoring for auto insurance | NTXCoog | Jul 20, 2007, 3:45 pm |
| RE: RE: RE: FTC | A FRIEND | Jul 20, 2007, 3:41 pm |
| RE: RE: RE: FTC | Nobody Important | Jul 20, 2007, 3:09 pm |
| RE: RE: FTC | CB | Jul 20, 2007, 2:33 pm |
| RE: FTC | Nobody Important | Jul 20, 2007, 2:24 pm |
| RE: credit scoring for auto insurance | JB | Jul 20, 2007, 2:23 pm |
| RE: FTC | JB | Jul 20, 2007, 2:18 pm |
| credit scoring for auto insurance | chuck baker | Jul 20, 2007, 1:57 pm |
| FTC | Peter Polstein | Jul 20, 2007, 1:43 pm |
| FTC | Peter Polstein | Jul 20, 2007, 1:43 pm |
| Back to article | ||
Subject: RE: credit scoring for auto insurance
Possibly the insurance company. If the lending instituation is a mortgage company or financing a car loan, if the customer defaults the can foreclose or reposses and recoup some of their losses.
For an insurance company, it may be risking a $100k plus claim with little or no chance of recouping any of that money.
Depending on the lending institution, there are different risk levels. I know people that can get a $200k home loan, but can't get a $2k furniture loan. The mortgage company has a better chance of recouping a greater percentage of their losses through foreclosure than a credit company repossessing furniture if that is even a possibility.