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The Link Between Credit Scores And Insurance Rates
Manage episode 432626922 series 3497432
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The Royal Ties Podcast is back again, now with season 2!!
Welcome to today's episode, where Clarck Cadet explores the intriguing connection between credit scores and insurance rates.
You might be surprised to learn that your credit score can significantly impact what you pay for insurance. We explain how insurers often use credit scores as a factor in determining premiums, under the belief that individuals with higher credit scores are less likely to file claims. This means that a good credit score can potentially lower your insurance rates, while a lower score might result in higher premiums. We'll dive into how this linkage works, the rationale behind it, and what you can do to manage both your credit and insurance costs effectively. Stay tuned as we unravel this financial puzzle and provide you with actionable insights.
It's time to empower your future by mastering your finances starting today!
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@clarckthefinancialcoach
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