When one longtime St. Louisan saw his car insurance bill jump 28 percent, he was shocked.
He was even more irate when he learned the reason: an unresolved issue with a creditor had left a blot on his otherwise unblemished credit report. He didn’t understand what his credit report had to do with his car insurance rate.
More and more, credit information is being used by businesses other than lenders or credit card issuers. Bad credit could hurt your search for a job or even leave you without a place to live. (more…)