General Credit Topics

[Anderson]

An FYI-

I recently changed to a different homeowners insurance company, Travelers. My FICOs are all in the mid 700s.  

The letter I received  from Travelers said I did not qualify for the lowest rate because my credit history is too short.

This was interesting to me as, although I knew one's credit was a factor for rates, I did not know that length of credit history would come into play. I think it's BS, but there's nothing I can do about it.

[Noah_Bodie]

Insurance companies have been selling this line of BS about a connection between credit and likelihood to get into an accident or have a tree fall on your house. It's the same line of BS used to try and connect credit and trustworthy employees.