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Generally, the criteria for obtaining an insurance license involves an intense pre-licensing course of study, a criminal background check and specific educational requirements. I've never heard of a Department of Insurance running a credit check (or declining a license on this criteria), but it's unlikely that top-flight carriers would be very interested in hiring someone with poor credit.
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∙ 10y ago
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Why credit cards are more harmful than the life saving?
They certainly can be harmful if they are not used responsibly but in this day and age, having credit cards and good credit is imperitive. You need credit for everything, any type of loan, buying a house/apartment, even insurance companies run a credit score and if you have good credit you get better rates and it you have bad credit you either get horrible rates or sometimes they can't even write you into their company; and no credit is just as bad as bad credit so it is really important to build up good credit just for the basic necesities of life... so i would say it's helpful if used responsibly
How can you negotiate on your car loan with bad credit and no money?
If you have bad credit and no money you should not be looking at a loan. Get your life straightened out first. Cars are not required, good credit is.
Why is whole life insurance not the best insurance to have?
Whole life insurance is not necessarily bad but it may not be right for you as it can be substantially more expensive than a term insurance. If you need life insurance but don't want to pay the high premiums on whole life insurance ask for term insurance quotes. Whole life insurance is a level premium from the time you get the insurance until you die which is good if you have an estate that will need liquid funds but not necessarily right for someone who is just looking for life insurance until their kids are grown or their mortgage is paid off
What bank you can go to get a bad credit loan you and your wife have bad credit?
Yes, you can get Bad Credit Loan.
What is a bad credit score?
425 is a bad credit score.
Can I get life insurance if I have bad credit?
Yes, many companies offer plans specifically for people with bad credit. You will have to pay a lot more, however.
Where can one get car insurance if one has bad credit?
Bad credit will generally mean that car insurance cannot be purchased on a monthly pament plan. Although some firms will give this option they will charge higher fees. Most firms will still sell you insurance.
Where can one with bad credit obtain auto insurance?
Someone with bad credit can obtain auto insurances at various places. Bad credit shouldn't stop someone from wanting to obtain auto insurance. Direct Insurance is a company that will provide auto insurance to people with bad credit.
How do you get affordable homeowners insurance with bad credit?
There are companies that do not run credit score.
What does one do if a car insurance company doesn't give one their credit check?
Some car insurance companies do not do credit checks. And not receiving a credit check won't do anything bad. In fact, if one has bad credit or no credit and the insurance company does decide to do a credit check, that person might end up paying a larger rate.
How can you get your car insurance to ignore your bad credit and lower your rates?
A bad credit rating will most always affect your car insurance rates. This is what car insurers call 'being at risk' - The best 'fix' to get lower car insurance rate is to improve your credit rating.
Can you get turned down from Homeowners insurance if you have bad credit rating or forclousere?
Yes, many insurance companies do require you qualify credit wise to be eligible for coverage.
Can you tell me what the insurance factory is?
Insurance factory specializes in offering clients insurance if they are considered to be high risk. As with a finance company that offers clients who have bad credit a loan or credit card, insurance factories do this regarding insurance. www.insurancefactory.co.uk/quote.php
Is insurance for bad drivers in Illinois available?
Active Insurance will insure your car, and offer the SR22 and No Credit Check for those with a bad driving record, so you can use their insurance service.
What is credit risk insurance?
While I have rarely heard it called "credit risk insurance", that is an accurate descriptive name for what is normally called "business credit insurance" or just credit insurance. The term "business credit insurance" differentiates it from consumer credit insurance (credit life, credit health, etc).So, what is it?Business credit insurance is a type of property and casualty insurance that is purchased by businesses that sell to other businesses on open credit terms. The insurance protects the business's accounts receivable (often the business's largest and most vulnerable asset). The insurance guarantees against excessive bad debt losses.Businesses purchase business credit insurance for many reasons.The most obvious reason is to protect that large, vulnerable business asset. You insured every step of the cycle to get to the point where your finished product has been delivered to someone else (out of your control). All of the work you have done: from finding the prospect, selling the product, making the product, storing the product, to shipping the product has been invested and you want to assure that you get paid for it all.There are several other reasons businesses purchase business credit insurance e.g. they are able to safely increase their sales; they sometimes use the insurance in combination with accounts receivable financing to protect & improve their cash flow; they use the insurance company as a third party credit clearing house (guaranteed), and probably other reasons.
Can I get cheap car insurance Maine with bad credit?
No, most insurance companies to not include credit history when deciding on a rate. They will look in to whether you've paid for insurance in the past or let it lapse however.
What are some car dealerships that will sell a person a vehicle if they have bad credit?
This depends where you are located. If you have bad credit and are looking to buy a car you should do a search with your city and you will find multiple dealerships that deal with bad credit.
