I recently got my renewal for my renter's insurance. I noticed at the bottom some language about the rate being determined, in part, on my credit report. Then it mentioned serious negative marks on my TransUnion report.
But in fact, those negative marks aged off my report about 8 months ago. So I called the carrier, and they said that they don't always pull a new report every year. So I used the "negative action" to request a free report, verified that those negative marks were gone, and called the carrier again. They said they would pull a new report at my request, and send me an updated renewal if needed. (They also made me attest that I understood my rate could go up, depending on what new info was in the report.)
Less than a week later my new renewal was emailed to me. The price dropped by over $150! I was overjoyed.
I've reviewed my auto insurance's rules, and I can request a new credit pull But only once every 12 months, and the new price will go into effect on the next renewal. So I'm going to hack my score as much as possible the next few months, and request a new credit pull a couple weeks before the auto insurance renews.
Submitted October 12, 2019 at 09:19PM by ErikMalik https://ift.tt/35txpKu
