Posted On: January 21, 2007, 2:14 pm CST

Posted By: Bilked consumer

Good dialogue,
Now using your obviously impecible credit history as the example I am citing and one that I have fallen pray to.

Somebody fat fingers a delinquency, or negative statement into your credit history, or your insurer fails to provide proof of insurance to an auto lender, etc. the credit bureau, the lender, or whoever was invovlde does not provide you with an indication that your history has been updated to show a delinquency that is false. you were never late, had nothing to do with whomever fat finger the information, innacurately reported the delinquency, etc.

Now you carrier hits the 3 year mark to pull your credit score for renewal, ooops, your credit history is percieved at lacking by the insurance industry, and you get your new policy statement claiming that you now owe an additional $500.00 on your premium due to that credit history. Forget the fact that the history had nothing to do with accuracy or wether you were actually late or delinquent.

Now have have the priveledge of fighting for the correction with the carrier and the reporting agencies. In the meantime, you will pay the additional $500.00 increase regardless.

The way the increase is justified from the carrier in your policy statement regarding the increase is by, Number of accounts open, type of accounts open, delinquencies, revolving accounts.

We also do quite well and our scores and payment history are flawless, or at atleast they were until somebody made a mastake that we had to clean up and pay for until resolved. By the way, try getting your money back from the carrier even it it was a mistake and you have made corrections with the reporting bureaus and proven that fact to the carrier.

Just food for thought, beware, we thought we were untouchable as well. Welcome to cooperate america, where the politician can be bought and cooperate america is buying them up.

Have a great one.