Question

How does your credit score affect the price you pay for insurance? Discuss at least two methods for improving your credit score

Answer 1

A poor credit score can increase the amount a person must pay for their insurance. To improve your credit score, be sure to always make payments on time and for more than the minimum amount when possible. Credit cards can be used to build credit when used responsibly. Be conscious of the credit score of both yourself and your financial partner or spouse, as their credit can affect yours.