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Bill to Prohibit Insurer Use of Credit-Based Scores Defeated in Colorado
West News January 26, 2005
On Tuesday, Colorado legislators "wisely" defeated a proposal to ban the use of credit-based insurance scores (SB 5), according to the American Insurance Association (AIA).
"The Senate Business ...
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Subject: RE: Jimmy, give me a break
Bad credit is proven to have more claims.
More speeding tickets is proven to have a higher risk of getting into a claim as well.
2 different situations, but both equate to higher claims = higher risk = higher rates.