Did not have any idea where to put this so I decided that this was as good as any. I am 34, live in Illinois and had BK 8 years ago.
I get a letter from my insurance agency and they thanked me for choosing them for my homeowners insurance. However, because of "UNFAVORABLE NUMBER OF ADVERSE PUBLIC RECORDS", "INSUFFICIENT LENGTH OF CREDIT HISTORY", "RECENT ADVERSE PUBLICK RECORDS", "TOO MANY RECENT CREDIT CHECKS".
My problem is that I have had this company for my homeowners insurance for 5 years, and had them for renters insurance 5 years prior to that. So why did they wait 5 years to determine my credit was not good for their insurance rates? That should have been determined 5 years ago when I started the homeowners policy.
I am 34 I cannot understand why my credit history would not be long enough?
Even more concerning is why they are checking my credit without my permission?
Can a company or anyone check your credit without your permission? If so, then how can you be blamed for having too many credit checks? You are essentially being blamed for something outside your control.
I have done no recent applications for credit cards, loans, or anything. My most recent purchase was a new car back in September of 2006 and they told me that my credit score was in the mid-to-upper 700's. So the insurance company did not use my credit score as a determination because I have a good score.
I have requested a copy of my credit report, and I have to write the insurance company to determine how they decided this. They will only disclose that information by mail.
I really truely believe that no one should be checking my credit without my permission. That is personal information and releasing that without my permission is a violation of my privacy. Not to mention a security risk. I think that the insurance company has done this intentionally in order to squeze more money from their customers. I have done nothing to prompt them to do any checks, or asked for any changes in my policy.