If you've ever tried to buy low-cost car insurance in Tennessee, you probably know that your credit score affects how policies are approved and how rates are set. Even though auto insurers are limited in how they can use your credit score (for example, they can't take action against you based on your score), it's no secret that having a good score will make it easier for you to find cheap car insurance in Tennessee.
Fixing your credit will help you get cheap car insurance in Tennessee, and we'll even help you get started. Take these five ideas into account.
Get a report on your credit (s). Equifax, Experian, and TransUnion are the top three credit bureaus in the United States. You should get a credit report from each bureau because the information in each report is likely to be different.
Your credit report is important (s). Look at each report and write down both the right and wrong information. If your report has false negative information on it, it will hurt your chances of getting cheap car insurance in Tennessee.
Correct wrong information. File a dispute with the credit bureau when you find wrong negative information. Make sure to keep copies of everything you send or receive from the bureau.
Think about what you should know. If your credit report has good things on it, which we hope it does, remember the steps you took to get there. Think about the mistakes you made that led to bad information, and make a plan to stop doing the same things again.
Keep building your credit. Consider secured credit cards, which are made for people with no credit or bad credit and can help you build it back up. Call other lines of credit that weren't reported in the meantime. For example, your gas card and department store credit line may be in good standing, but this may not be reported. Contact those places and ask them to send information to a credit bureau. If you don't, you might lose your chance to get cheap car insurance in Tennessee.
