Having a good credit rating, helps a consumer get a loan or credit at better rates and for larger amounts.To know “How to improve credit rating, credit score” plz follow link-

the CSR is right. Credit is a factor, in most states. However, prior insurance is a big premium reducer. Some states don’t even allow credit rating to affect premiums (CA, I believe, and some others)

Whatever else you say about California, we don’t use credit as a factor in rating insurance.

Anecdotally, I can tell you that people who pay their insurance bills regularly have fewer claims than people who don’t. It makes total sense that credit would reflect this. Insurance companies claim credit as a factor since it is what is called a “moral hazard.” In short, it means that what type of person you are can determine the frequency of claims.

Right or wrong, like it or don’t like it, the numbers bear it out.

The rating is a factor, but there are many other factors such as assets, liabilities (including the aging of the AR/AP). You can get an appraiser to value your in/tangible assets. But the biggest factors are cash flow, EBITDA margins, and total revenue. Assuming your business is doing 1MM in EBITDA on 20MM revenue, you can secure for maybe 2.5 times that amount. It all depends on the dynamics. Also, if working capital is a crucial need, you can hire an investment bank to find you a mezanine lender that specializes in those deals. They usually give higher multiples on working cap if your business is on the up and up. Good luck.

Whatever else u have on your credit report, pay on time..

Most auto companies now use credit score as a major factor in the rates they charge. It doesn’t seem fair, but they have done the research and determined that there seems to be a relationship between bad credit and claim cost. Personally, I don’t like this. I don’t like companies obtaining information about me that is not related to the business dealing.

As for the ‘continuous coverage’ you mention, this could be two things. If the CSR means that you have to have continuous coverage regardless of the company, then they have a point. If you have a gap in coverage, the insurance company that takes you on will generally be very expensive. If the CSR was talking about the discount you get for keeping your coverage with the same company, this isn’t as important as your credit rating. You can get a couple of percentage point for staying with the same company. However, if your rates are high to begin with because of poor credit, this discount won’t make them as low as someone with good credit.

There are plenty of places that offer loans for people with bad credit with no-hassle applications and easy requirements.

Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on.

Dispute all negative accounts on your credit report with the credit reporting agencies.

Contact the 3 credit agencies dispute the charges as paid. Here’s the thing, I had a horrible credit score some I paid some I didnt. Here’s what I learned from a millionaire. Order your credit reports, dispute the charges as paid or not yours. They dont ask questions. The companies to which you are disputing payments have 30 days to furnish proof to the credit agency. If they dont they will take it off your credit report. Then they send you a update credit report that will say what they deleted(this will raise score), varified as yours(this will stay on until you pay it) You just keep disputing the items until they delete it from your credit report.
In your situation, just contact the credit agencies and dispute the accounts as paid. Creditreport.com is $24.95 for all three reports and scores.

Go ahead and apply for another card. As long as you don’t apply nilly willy for 10 cards at once it won’t hurt your score.

If you are confident that your current credit rating will be high enough to qualify for another credit card then there is no problem.

Adding another line of credit to your existing lines of credit will increase your score as long as you only use a small fraction of your available lines of credit. (The max you should be using right now is 10% of your total lines of credit). Each card should only have a 10% used balance and preferrably you should completely pay them off every six months..