The FACT Act of 2003:  Notice and Request For Public Comment On the Effects of Credit Scores and Credit-Based Insurance Scores on the Availability and Affordability of Financial Products #514719-00049

Submission Number:
514719-00049
Commenter:
KENT ROBINSON
State:
Colorado
Initiative Name:
The FACT Act of 2003:  Notice and Request For Public Comment On the Effects of Credit Scores and Credit-Based Insurance Scores on the Availability and Affordability of Financial Products
I had ADVERSE ACTION with my insurance company (FARMERS) because of EXCESSIVE AVAILABLE CREDIT LIMITS not because of POOR CREDIT but because I have lots of available credit. 26+ YEARS OF PERFECT CREDIT...I HAVE EARNED THE RIGHT TO HAVE LOTS OF AVAILABLE CREDIT (if I chose to) I have had exactly one ticket (7+ MPH) no claims and no accidents and because of ADVERSE ACTION related to EXCESSIVE AVAILABLE CREDIT LIMITS I don't get the best rates Something is really wrong with that picture!!! ONE DOES NOT DRIVE BY THEIR CREDIT REPORTS!!! Contrary to popular insurance company beliefs...POOR CREDIT DOES NOT CAUSE ACCIDENTS...TICKETS...and CLAIMS!!! I PAY IN FULL BEFORE COVERAGE STARTS SO INSURANCE IS NOT A CREDIT PRODUCT