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Question By
lotus1922

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Does car accident affect credit score?
Just logged in and found my credit score dropped 33 points between December 7th and today (the 18th). Ouch! I've never seen that happen before. My credit usage has not changed but the only unusual thing that's happened is that I was involved in a minor car accident last week which was determined to not be my fault. The claim is still in process to repair my vehicle damage; could this be what caused the score to drop? I know credit scores affect insurance premiums, but does the relationship work in the other direction too??? Very upsetting especially because I had just raised my scores this month the highest they'd ever been!!!

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