Does a car accident affect your credit score?

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1. What is the difference between an insurance score and a credit score? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE A credit score and insurance score may seem the same, but a credit score is used to show lenders how likely you are to repay your debt. An insurance score is used to show insurance providers how likely...
2. Does DUI affect your credit score? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Although a DUI conviction tends to affect many things in your life, the likelyhood of your DUI conviction affecting your credit score is minimal. Usually it will not show up on a credit report, as a conviction stays...
3. Does your credit score affect your auto insurance? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Your credit score is a key part of determining the rates you pay for car insurance. Better credit often gets you better rates, and worse credit makes your coverage more expensive. Poor credit could more than double insurance...
4. How many points does your credit score drop when you buy a car? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE We’ve got the answers. Your score dropped after buying a car due to hard inquiries. Each credit report the auto loan lender pull adds 1 new hard inquiry, and each hard inquiry lowers your score up to 10...
5. Why did my credit score drop after I paid off my car? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE If you pay off and close the auto loan, your credit mix now has less variety since it only contains credit cards. This could lead to a temporary drop in your credit score. That said, it’s not necessary...
6. Is 678 a good credit score to buy a house? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE If your credit score is a 678 or higher, and you meet other requirements, you should not have any problem getting a mortgage. Credit scores in the 620-680 range are generally considered fair credit. There are many mortgage...