What can you do about bad credit rating due to insurance companies late payments?
This happens to alot of people due to the massive confusion about which medical bills will be covered. People generally wait to see what the insurance company will cover while the bills go unpaid and into collection. What you need to do is find out by calling the medical companies who invoiced you and/or the collection agencies to find out if each one has been paid. If so, get a document to prove it. If not, then you are going to have to pay it and get proof. As you get the proof for each one, send a copy of it with a letter of explanation to each of the credit reporting agencies. They will then mark the item on your report as "paid". REMEMBER: Keep copies of all your correspondence. If you apply for a mortgage and you have the proof that these were paid then it will not affect your ability to get a mortgage loan.
If a parent cosigns on a car loan with hisher child and the child does not make payments can the stepparent be held responsible or have their credit rating impacted if the payments are not made?
Credit card bills affect the credit rating in that the late payments will show on the report and points will be counted against you. Once you have paid, make certain that the three credit reporting companies note that it has been paid; eventually the account will age and become a positive for you. This is since it will show available credit that you are not using.
Your credit rating - or score - is a grade of how well you handle credit and loans. It's an evaluation of your track record for making credit payments and paying off debt on time. It depends on two things: 1) The length of your credit history i.e. Do you have a track record that lets people see how well you handle credit? 2) The quality of your credit history i.e. During the time that…
If you have taken out a loan with someone cosigning and end up being late on payments and the cosigner having to pick up the tab will this hurt your credit rating?
There are several different insurance companies that offer long term care insurance, however, it would be wise to choose a company with a good financial and credit rating and credibility. Genworth is one of the leading companies when it comes to long term care insurance, but here's a few more companies in the related links below. It includes a brief summary about the company and their websites too:
Are there any auto insurance companies that do not immediately require a down payment in order to put the policy into force?
AM Best is perhaps the most well known institution that has been rating insurance companies for over 100 years. Also in the same way there are Standard & Poor's and Fitch Ratings that do provide ratting services for insurance carriers based on their financial strength. JDPower is another institution that ranks several other organizations including insurance companies. This institution however does not rank the vast majority of insurance companies, especially local, small size insurers. One…
21st Century Insurance has an A rating for both it's credit rating and financial strength. Having an A in both of those means that they pay claims in a timely manner and also pay their credits on time. Other big name companies are comparable but some cheaper insurance agencies might not have such good ratings.