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Why does your car insurance asks for bank records and credit report when handling a total loss claim for you?
Wiki User
∙ 13y ago
For insurance companies to adjust your claim they are entitled to check certain legal documents. Requesting bank/ credit information could be a legitimate request to substantiate your claim (for example: how much you paid for the vehicle), or it could be a way to delay processing your claim to give the claim adjuster more time to further investigate the claim.
Wiki User
∙ 13y ago
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What does HDHI stand for on a credit report?
HDHI stands for High Dollar High Impact. It is a credit reporting code used to indicate accounts with high balances or significant impacts on an individual's credit report. This code can alert lenders to accounts that may have a notable impact on an individual's creditworthiness.
What is the purpose of a free credit report?
The purpose of a free credit report is that the individual can get a report of their credit records. This way they can know what there standing is in terms of credit, and see if they have good credit or bad credit without paying any fees or services.
Does paying car insurance monthly build your credit?
Paying your insurance premiums do no report to any credit reporting bureaus.
Can auto insurance companies charge you based on your credit report and not your driving record?
Auto insurance companies do not chrge you on the status of your credit report. They only look at your driving history.
Will bankruptcy remove life insurance loans?
Life insurance loans are not on your credit report.
Were does information containded in a credit report come from?
Information in a credit report comes from banks, mortgage lenders,credit unions, credit card companies, insurance companies, landlords, department stores and employers.
Where does the information contained in a credit report come from?
The information in a credit report comes from financial institutions, lenders, and creditors that report your credit activities to credit bureaus. This includes details about your credit accounts, payment history, outstanding debts, and any public records such as bankruptcies or liens.
Is ones debt completely gone when it is removed from credit report record?
It may not be, records on your credit report can expire and disapear but the debt still needs to be repaid
Does Asda car insurance do credit checks?
ASDA Car insurance will do a credit check when you apply. The information contained in your credit report will impact what rates you will be charged if your application is accepted.
What is a car insurance rating information survey form for?
The ssan information is for credit check (credit report checking) purposes - insurance companies equate good credit to good driving.
You have a judgment through the court system how can you place this on the person's credit report?
The individual does not report a judgment award to the credit bureaus. This type of information is collected by operators who specialize in researching and retrieving public records and storing them in databanks. The records are then sold to various agencies, such as credit bureaus.
What has the author Louis Tardy written?
Louis Tardy has written: 'Report on systems of agricultural credit and insurance' -- subject(s): Agricultural Insurance, Agricultural cooperative credit associations, Agricultural credit
