Verhagen Insurance » bankruptcy http://verhageninsurance.com We're two Auto Insurance experts here to inform... You! Sun, 28 Aug 2011 03:30:28 +0000 en hourly 1 The Relationship between Bankruptcy and Car Insurance: 2 http://verhageninsurance.com/the-relationship-between-bankruptcy-and-car-insurance-2/ http://verhageninsurance.com/the-relationship-between-bankruptcy-and-car-insurance-2/#comments Wed, 14 Oct 2009 17:58:41 +0000 Heather http://verhageninsurance.com/?p=148 bankrupt-2Concerning car insurance, there is one important question you need to ask yourself: will filing for bankruptcy make your rates increase? It is entirely likely, although it is difficult to give a flat “yes” or “no,” because the answer can depend on so many factors — your company, your driving record, and things of that nature.

Your credit rating prior to filing is also an important factor. While a low credit score can lead to higher rates, you may not see an increase if you keep making payments on type.

The thing is, bankruptcy does affect your credit rating and it can stay on your record for as many as ten years. You may not be able to get the lowest car insurance rates because of that. After all, more and more companies rely on credit scores to determine rates.

If you're like me, and always looking for cheap car insurance , make sure to visit quoteline, they've got the info you (and I) are looking for!

]]> http://verhageninsurance.com/the-relationship-between-bankruptcy-and-car-insurance-2/feed/ 0 The Relationship between Bankruptcy and Car Insurance: 1 http://verhageninsurance.com/the-relationship-between-bankruptcy-and-car-insurance-1/ http://verhageninsurance.com/the-relationship-between-bankruptcy-and-car-insurance-1/#comments Mon, 12 Oct 2009 17:55:11 +0000 Heather http://verhageninsurance.com/?p=145 bankrupt-1Bankruptcy happens.  It is a fact of life.  It gets a bad reputation, especially from business and professional types, but it happens to us “regular folks,” if you will.  I speak from close experience — my parents have had to do it before, and they are not deadbeats or anything like that, they are just people like you and me who sometimes have to live from paycheck to paycheck and who have, over the years, found that they are not quite able to stretch from one to the other.

So bankruptcy happens, and you should by no means be ashamed if it happens to you.  You should, however, be knowledgeable about it.  You need to know what you are in for, in all things — especially the affect bankruptcy can have on your car insurance.   If you know everything you need to know, you can weather this unfortunate occurrence.

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