Posts Tagged ‘Credit’
MBNA’s Rate for Life Credit Card Empowers Consumers to Consolidate Debts for Less With 5.9% Promotional Rate, Reduced Handling Charge and No Annual Fee
Posted by: incur on: March 6, 2011
Chester, UK, February 24, 2011 (Insurance Headlines) February 25, 2011– Consumers with high interest-bearing debts can find relief by consolidating their balances to MBNA?s exclusive online credit card and enjoy a lower long-term rate. The MBNA Rate for Life credit card offers a promotional rate of 5.9% and a low handling fee of 1.5% on [...]
3 Tips to Quickly Raise Your Credit Score
Posted by: incur on: August 18, 2010
You’re planning on buying a house in a few months and want to do everything possible to raise your credit score before you apply for a mortgage. What are the three most important things you can do today for a higher credit score tomorrow? [Click here to check current credit card offers, including rates and [...]
IRS Adds Web Info on Small Biz Health Insurance Tax Credit
Posted by: incur on: April 7, 2010
The Internal Revenue Service has updated its Web site to provide information to small employers regarding the new tax credit for providing health coverage. The new Web pages include a graphic to help employers quickly determine if they qualify for the credit; scenarios that explain how much certain businesses and exempt organizations would benefit from [...]
Next Credit Card Statement is Going to Contain an Ugly Truth
Posted by: incur on: February 23, 2010
NEW YORK (AP) — Now, thanks to a long-awaited law that goes into effect Monday, you’ll know that if you pay the minimum on a $3,000 balance with a 14 percent interest rate, it could take you 10 years to pay off. “Jaws will drop,” said David Robertson, publisher of The Nilson Report, a newsletter [...]
Credit Scoring Ban Dies In Washington Legislature
Posted by: incur on: February 19, 2010
A Senate bill in the Washington State Legislature to ban credit-based insurance scoring failed to come to a vote on the Senate floor before a deadline for moving legislation expired. The demise of the Senate measure came weeks after a similar bill in the House died in committee. Both bills were introduced at the request [...]
Credit Scoring Data Call Plans Mulled By NAIC
Posted by: incur on: December 12, 2009
SAN FRANCISCO ?The National Association of Insurance Commissioners Property & Casualty Committee chairman said the panel will begin exploring how to gather data on insurers’ use of credit information to determine premiums. The committee would like to collect information and develop a report on the controversial credit scoring issue by the third quarter of 2010, [...]
NAMIC Testifies at Wisconsin Insurance Department Hearing on Credit-based Insurance Scores
Posted by: incur on: September 18, 2009
The following statement may be attributed to Neil Alldredge, senior vice president of State & Policy Affairs at the National Association of Mutual Insurance Companies (NAMIC). Alldredge testified yesterday at the Wisconsin Office of Commissioner of Insurance hearing on credit-based insurance scores. The hearing was requested by three state legislators ? Sens. Lena Taylor and [...]
NAIC Presses Insurers Over Credit Scoring Impact
Posted by: incur on: June 22, 2009
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MINNEAPOLIS —The nation’s insurance regulators have pressed insurance trade organizations for specifics on how use of credit in determining rates affects certain groups of people, and criticized the answers for not being specific enough. Their comments came at a joint committee hearing during the National Association of Insurance Commissioners Summer Meeting, here. NAIC’s Property and [...]
Anti-credit Scoring Legislation is Anti Consumer, NAMIC Tells New Jersey Senate Committee
Posted by: incur on: May 13, 2009
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INDIANAPOLIS (May 7, 2009) – A proposal to temporarily prohibit insurance companies from using credit-based insurance scoring to rate policies in New Jersey would lead to cross-subsidization and higher prices for most insurance consumers, the National Association of Mutual Insurance Companies (NAMIC) testified today. The state Senate’s Commerce Committee is considering S-2766, legislation that would [...]
