Credit scores, debt and insurance…who needs this information…oh my

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It is a vicious cycle! Making ends meet. Paycheck to paycheck. What if you could help 8 out of 10 people with their current debt? ELIMATE 70% - POOF GONE! Beat the banks.

Or keep flushing money down the toilet!

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Credit stops renters from renting but what about HOMEOWNERS? Not only can you increase their scores but you can help them save money and payoff debt super fast AND LOWER INSURANCE PREMIUMS!

I bet they don’t know their insurance rates are higher due to utilization.

This is what you ASK them:

Have you been able to avoid paying higher insurance premiums due to your credit score?

In many places, insurance companies use credit scores as one of the factors to determine insurance premiums. This practice is based on the statistical correlation between credit scores and the likelihood of filing claims. Here’s a bit more detail:

1. **Correlation with Risk**: Insurers have found that individuals with lower credit scores are statistically more likely to file claims. As a result, a low credit score can be viewed as an indicator of higher risk.

2. **Types of Insurance Affected**: This practice is common in auto and homeowners insurance. Insurers use a credit-based insurance score, which is similar to a credit score but specifically designed for insurance purposes.

3. **Impact on Premiums**: If you have a lower credit score, you might face higher premiums. Conversely, a higher credit score can lead to lower premiums, as it indicates a lower risk to the insurer.

4. **Legal Regulations**: The use of credit scores in setting insurance premiums is regulated and varies by location. Some states or countries have strict regulations or outright bans on this practice, while others allow it with specific guidelines.

5. **Improving Your Score**: To potentially lower insurance premiums, you can work on improving your credit score by paying bills on time, reducing debt***, and regularly checking your credit report for errors.

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***BEST WAY TO INCREASE YOUR SCORE: reduce debt

https://www.moneymaxaccount.com/blt/videos (demo)

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Having debt is NOT a requirement to be an agent! You must be driven and self motivated.

Link for someone who wants to be a UFF agent: $149 to start and no other fees

https://www.uffopportunity.com/blt

Talk to you soon!

PS.If you have really messy credit, do not despair because we have been there, done that and can talk with you what to do. What if you need to buildup? Been there, done that and let’s make a plan.