Judge Finds Washington Commissioner Exceeded Authority on Credit Score Ban

July 29, 2022

  • August 1, 2022 at 1:00 am
    Observor says:
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    This ruling is a positive step for those responsible people who pay their bills on time. Why the hostility against this group?

    • August 1, 2022 at 9:10 am
      John Dough says:
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      Please show the actual “hostile” acts that you allege have been taken against “people who pay their bills on time.” Otherwise, stop with the faux-victim card.

  • August 1, 2022 at 9:31 am
    Observor says:
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    Eliminating credit scores as a factor raises the rates for responsible people who pay their bills.

  • August 1, 2022 at 10:01 am
    John Dough says:
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    I agree with that.

    I’ll note that no examples of actual “hostility” have been provided.

  • August 1, 2022 at 1:38 pm
    Observor says:
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    Hi John Doe:

    Perhaps a better phrased question on my part would be “Why increase the rates of a group of people with better experience when the behavior they exhibit to earn the discount is good for society and honorable?”. These are people who are not purchasing toys they can not afford. They show responsible behavior and self control that most likely makes them better risks as insureds.

  • August 1, 2022 at 7:47 pm
    insexpert@yaho.com says:
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    Some perspective. Not so much hostility as a terror among those that already struggle to make ends meet (with 300 credit scores let’s say) finding out that they subsidize a credit for the wealthy who have 800+credit scores. Socioeconomic genocide.

    Grandmas, grandpas on fixed incomes. Folks with physical challenges. Folks who have lost a partner and take economic risks to raise their kids alone. If it helps you to sleep at night thinking a kid who got in over their head buying jet skis is now subsidizing your insurance costs, well, ain’t America great.

    So the wealthy ride the marginalized struggling into the ground until the struggling fall out of the economy and into welfare and are subsidized by the wealthy. And the beat (down) goes on…

    And of course first you must accept that credit history/insurance score is an ABSOLIUTE indicator of loss propensity for everyone…including you, your kids, and your parents. Because everyone with a low score, including those with NO losses, will carry the burden of subsidizing the credit. So not hostility. FEAR. Another thing for the marginalized to worry about and the wealthy on the whole to celebrate.

  • August 2, 2022 at 12:27 pm
    Observor says:
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    The correlation between credit scores and wealth or income is actually quite small.

    Many wealthy people have low scores. Many furniture stores, for instance, are wary of giving credit to people who live in high profile addresses for fear of not being paid since enough of those people extend themselves too much to meet a certain lifestyle and perception. The book “Millionaire Next Door” describes how high income people have life styles that even exceed their income. This risky behavior often leads to low credit scores and perhaps more losses.

    I have even read stories of a wealthy ex-president who did not pay his contractors at times.

    Most people of moderate means pay their bills. Insurance scoring does not include medical debt.

    There is no subsidization with applying credit scoring to rating because the group does indeed have lower loss ratios.



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