I just learned something, I guess.
Do you have any web based source for this practice? I'm not saying you are wrong, but I'm facinated by this claim and I'd love to look at it more closely.
None the less, unsecured credit is just that... unsecured. The contract should stop fraud, not honest people who have gotten into some trouble and need relief.
I believe that Geico does this as well, but I am not sure. The credit history is getting a work out in terms of what it is being used for --> the notion of risk for a person.
A Ruckus of Dogs wrote: That's bizarre. What does one have to do with the other?
Here's a story from KDKA-TV regarding this practice.
The slimy corporatist insurance industry rep said, here, "Credit scores have no relationship with how much money a person makes, Harrold noted. Rather, the scores reflect how responsibly an individual manages whatever amount of money he or she earns."