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Posted in Auto Insurance
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Greensmoke7547

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why do insurance company use a different credit company

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Routinely, they pull the same credit reports that a creditor pulls from the main 3 bureaus, although, their scores are substantially different.  Somehow, your credit tells them how likely you are to report a claim and that is one of the key factors they use to determine your rates.  if you get a true copy of your credit reports, you will see that they indeed pull soft pulls of your credit file when you get a rate quote from them.

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Quite simply because the "other" lesser known credit report agencies would have much more datas about you than the big three CRAs. Request your copies from Innovis and LexisNexis and see what they have on you. The files I got from LexisNexis was about 3/4 inch thick and came in two separate 10x14 envelops.

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