Insurance Credi Scoring: An Ethical Issue

Written by Richard D. Schrader

Continued from page 1

Insurance companies tout themselves as representing peace of mind, protection and security, but at what cost. Overrepparttar past 10 years, I have spent roughly 20,000 dollars in car insurance, what have I claimed? Easily less than half and I totaled a car. Is insurance just a form of legalized gambling protected by government? The McCarran-Ferguson Act of 1944 exemptsrepparttar 109372 insurance industry from antitrust laws, so here we are again without a choice; collusion isrepparttar 109373 rule not competition. Where arerepparttar 109374 ethics of lawmakers? Many states are screaming about this controversial issue and some states such as California have had some success, but with protection from top government what can consumers do?

I have personally writtenrepparttar 109375 Governor of Pennsylvania aboutrepparttar 109376 subject, one of my main questions was;

“I am a concerned citizen. Recently I noticed my car insurance rates increasing at a substantial rate. I investigatedrepparttar 109377 situation only to find out that my credit rating was makingrepparttar 109378 difference, not my driving record.”

The response I received fromrepparttar 109379 Department of Insurance follows:

This letter is in reponse to your complaint filed withrepparttar 109380 Pennsylvania Insurance Dpartment through Governor Edward G. Rendell's correspondence office regardingrepparttar 109381 use of credit as an underwriting tool for automobile insurance in Pennsylvania.

I have read through your concerns and it appears that you are questioningrepparttar 109382 underwriting of automobile insurance. Specifically,repparttar 109383 use of credit in determining eligibility. Many different factors go intorepparttar 109384 underwriting of an insurance policy, such as type of vehicle, drivers, location, etc. and most recently credit history. Pennsylvania law does not prohibit an insurance company fromusing credit as an underwriting tool so long as it is done withinrepparttar 109385 first 60 days of writing a policy. Underrepparttar 109386 law, an insurance company is granted a 60 day window fromrepparttar 109387 inception of a policy to determine whether or notrepparttar 109388 policy fits intorepparttar 109389 company's guidelines.

In your letter, you stated credit scoring in part ofrepparttar 109390 rating structure and presumable must be approved byrepparttar 109391 Insurance Department. Actually, credit scoring is part of a company's underwriting guidelines andrepparttar 109392 Dapartment only regulates underwriting guideline torepparttar 109393 extent they are not discriminatory.

Also, Federal law underrepparttar 109394 Fair Credit Reporting Act allows credit information to be used for underwriting financial and insurance transactions.

Sincerely yours,

Debra L. Roadcap

Consumer Service Investigator

The response I received is hardly what I would call an answer, of course Federal Law preempts state law andrepparttar 109395 Fair Credit Reporting Act allows for use of such information, butrepparttar 109396 real question is why? An answer to this question has still not been received. I believe this is a highly unethical practice in which insurance companies are being given free rule to take advantage of low-income families, single mothers, disabled, minorities and others. Ifrepparttar 109397 government wants to dorepparttar 109398 right thing they should judge consumers on what they have done individually, not what scientist’s hypothesis they might do based onrepparttar 109399 history of others.

About The Author: My name is Richard D. Schrader, I advocate consumer education on many topics and help consult American consumers with excessive credit card debt. You can visit my website at

Importance of your job search!

Written by Paul Debognies

Continued from page 1

The difficulty is, most people don't know where to go to get highly valuable job interview tips and help. It's true there are mountains of interview questions and interviewing data available online, butrepparttar truth is, very few sites are really qualified to give you effective & proven advice.

Besides, don't you want to sound different than your competition? Don't you thinkrepparttar 109371 people you are competing against for your next job have combed through allrepparttar 109372 FREE job search engines interviewing information online? Of course they have. So what will give you that competitive advantage on your job search?

That is exactly where I come in! I created an e-book "How to apply for a job!" that will teach you a proactive new strategy to help you successfully beat out your competition and getrepparttar 109373 job of your dreams. After studying this e-book, you will know far more than nine out of ten applicants do aboutrepparttar 109374 best ways to cope successfully with obscure but critical problems that defeat so many job seekers. More than that – and this is important – you will know more than most employers do aboutrepparttar 109375 dynamics controlling hiring decisions. With that knowledge, your job search can become an exciting challenge in which you confidently approach employers as an equal to negotiaterepparttar 109376 best possible working relationship – a challenge offering vast promise for your future. In truth, you may find – as many do – that it becomes a fascinating game. Unhappily,repparttar 109377 path pursued by most job seekers is nothing like that. Instead, they take a tortuous, trial-and-error, castabout approach as they try to figure out, without competent guidance, what steps are most likely to turn up a job. For many, it becomes a desperate, soul-shattering problem. For most, heavy delays that routinely add days, weeks, even months or years to their unemployment despiterepparttar 109378 millions of jobs that, literally, are available each day but are going unfilled. Such isrepparttar 109379 impact of ill-conceived placement systems that dominate hiring action today. It would be much better, instead, simply to give all applicants access to good, strong, authoritative help – like in our e-book – on how to deal most efficiently and effectively with your job-search problems. Because your career is so important, isn’t it worth taking five minutes now to discover exactly how my e-book can make you rise torepparttar 109380 top ofrepparttar 109381 list of candidates? You decide. It’s time for you to takerepparttar 109382 stress and headaches out ofrepparttar 109383 job hunting process. And, it’s especially difficult if you have been out ofrepparttar 109384 job-seeking role for a while. I'd like to help you.

Learn more at:

"You have permission to reprint what you just read. Use it in your ezine, at your website or in your newsletter. The only requirement is includingrepparttar 109385 following footer..."

*Article by Paul Debognies, visit for more original content like this.

Paul Debognies has for over 15 years personally helped hundreds of people land the jobs they wanted, by teaching them Career Building Techniques to turn their Job Search Into A 100% Success story.

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