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  • 05 Oct 2018
    Bad driving, age, and where you live can push your car insurance through the roof. But, many do not know that insurance companies also take your credit score into account when quoting you a price. This might seem like an odd factor for your credit score to affect. Studies have shown that people with bad credit ratings file around 40% more insurance claims than those with high credit scores. There are over 92% of car insurance companies now taking your credit score into account. So, finding car insurance with a low credit score can be difficult. It has become common follow for auto insurance firms to base premiums on your credit scores. While it is true that low credit scores equal higher car insurance payments, the impact on payment cost is unknown. Different car insurance companies have different algorithms for establishing cost of car insurance. These algorithms are kept under lock and key. People with bad credit paying an average of 20% – 50% more than people with good credit scores for their car insurance. Hence it is clear that credit ratings are an important factor to insurance companies. This may not seem fair to good drivers with low credit scores. But it is not the sole factor for determining car insurance payments. All is not lost! If, however, you find that your credit score is significantly affecting the amount you are paying for car insurance, then you should be working on improving your ratings as quickly as possible. Several firms can still check your credit per annum of policy renewal! Car insurance companies commonly check credit scores, excluding only a few states. They are able to use this information as they please by using research. This indicates the likelihood of the company having to pay out when insuring drivers with bad credit ratings. Even in the world of car insurance, those with low credit ratings are considered higher risk and end up paying more. About the Author: My name is Melissa Danser a Financial Adviser at Zinu Credit Repair. It is a legitimate credit repair firm in USA. Helps you to fix bad credit. And offers a free credit repair consultation, which includes a complete review of your FREE credit report summary and score. Please contact me. I am more than happy to serve you.  
    105 Posted by Sandy Collins
Business 37,917 views Oct 10, 2018
Bad Credit Will Affects Your Job

Bad Credit Affects Your Job Situation

A low credit score can impact your job situation. It is the same whether you are unemployed or thinking about moving positions. And also applies to you if you are vying for a promotion. While you are at liberty to refuse a credit check, potential employers may see this as a red flag.

Over seventieth of major firms can check your credit profile when determining whether or not to grant you employment. Let our top rated credit repair company help you!

There are many jobs that won’t consider your credit history when you apply for a job. However, bigger corporations will usually conduct a credit check as standard hiring procedure. Imagine a situation. You are neck and neck with another candidate for a position in terms of experience and your overall application. It is highly likely that the hiring decision will be based on credit ratings. A bad credit check can be all the employer needs to hire someone else. This can have major impacts, especially if you’re unemployed!

Low credit scores will also halt your progress if you desire a job that deals with finance. All finance companies will look at credit ratings. They also check credit history as standard procedure when making a new hire. If you can’t handle your own money, they won’t hire you to manage their money or their clients’ money. Regardless of your training, a job in the financial world is not feasible for someone with bad credit.

Having excessive debt upon graduation will affect probabilities of getting employment.

A low credit score can impact your ability to be promoted. It doesn’t matter if you have worked at the company for an extended amount of time. Bad credit can affect your job at any point in your career. Therefore, monitoring your credit is important. Employers know that difficult financial situations can impact your abilities at work. Financial troubles often affect your ability to concentrate properly. A credit check is something that employers can easily refer to when you experience personal issues. They keep this in mind when hiring and promoting individuals.

About the Author:

My name is Melissa Danser a Financial Adviser at Zinu Credit Repair. It is a legitimate credit repair firm in USA. Helps you to fix bad credit. And offers a free credit repair consultation, which includes a complete review of your FREE credit report summary and score. Please contact me. I am more than happy to serve you.