Comments on: Do state farm agents see my credit Report? http://www.farminsuranceagents.com/farm-insurance-agents/do-state-farm-agents-see-my-credit-report Farm Insurance Agents Providing Financial Security Fri, 30 Dec 2011 14:41:18 +0000 hourly 1 http://wordpress.org/?v=3.3 By: mbrcatz17 http://www.farminsuranceagents.com/farm-insurance-agents/do-state-farm-agents-see-my-credit-report/comment-page-1#comment-65 mbrcatz17 Wed, 04 Mar 2009 08:14:59 +0000 http://www.farminsuranceagents.com/farm-insurance-agents/do-state-farm-agents-see-my-credit-report#comment-65 Not exactly. Even a year or two, the agent would see your credit SCORE. It's a number. They don't get to see the actual credit report, but if the score was 700, it's good, if it's 200, it's tanked. But due to privacy laws and liability issues, companies stopped letting agents see this - they get the score internally, and then tell the agent (through a computer program) which rates you qualify for. Of course, if you qualify for the best rates, the agent knows you have good credit. If you don't qualify at all due to credit, the agent knows you have bad credit. So no, the agent NEVER saw the actual credit report, and now the agent can't see the actual score, but based on the rating tier, will have a general idea about your credit. They don't need to give you anything in writing, unless you request it - they only need to give you a verbal sentence, "we're checking records including mvr's & credit for rating tier & eligibility". And, of course, you gave them your date of birth & social, which they need to run the check. Hope that helps.<br><b>References : </b><br>agent, 20+ years Not exactly. Even a year or two, the agent would see your credit SCORE. It's a number. They don't get to see the actual credit report, but if the score was 700, it's good, if it's 200, it's tanked.

But due to privacy laws and liability issues, companies stopped letting agents see this – they get the score internally, and then tell the agent (through a computer program) which rates you qualify for. Of course, if you qualify for the best rates, the agent knows you have good credit. If you don't qualify at all due to credit, the agent knows you have bad credit.

So no, the agent NEVER saw the actual credit report, and now the agent can't see the actual score, but based on the rating tier, will have a general idea about your credit.

They don't need to give you anything in writing, unless you request it – they only need to give you a verbal sentence, "we're checking records including mvr's & credit for rating tier & eligibility". And, of course, you gave them your date of birth & social, which they need to run the check.

Hope that helps.
References :
agent, 20+ years

]]> By: Phoenix http://www.farminsuranceagents.com/farm-insurance-agents/do-state-farm-agents-see-my-credit-report/comment-page-1#comment-64 Phoenix Wed, 04 Mar 2009 07:26:59 +0000 http://www.farminsuranceagents.com/farm-insurance-agents/do-state-farm-agents-see-my-credit-report#comment-64 In order for them to check your credit on a quote, they have to ask you if they can and/or have you sign something. Did you read everything you signed? Does any of it say anything about credit checks? If you choose to accept their service, this may involve a (or periodic) credit check(s), but not if they specifically advertise that they don't check your credit. Just go through another agent if you are uncomfortable.<br><b>References : </b><br> In order for them to check your credit on a quote, they have to ask you if they can and/or have you sign something. Did you read everything you signed? Does any of it say anything about credit checks? If you choose to accept their service, this may involve a (or periodic) credit check(s), but not if they specifically advertise that they don't check your credit.

Just go through another agent if you are uncomfortable.
References :

]]> By: Emily B http://www.farminsuranceagents.com/farm-insurance-agents/do-state-farm-agents-see-my-credit-report/comment-page-1#comment-63 Emily B Wed, 04 Mar 2009 06:51:59 +0000 http://www.farminsuranceagents.com/farm-insurance-agents/do-state-farm-agents-see-my-credit-report#comment-63 No. I used to work for a State Farm agent and I ran these reports in the process of giving auto insurance quotes. They don't see your actual credit report, SF's internal system evaluates it behind the scenes and gives the agent a score...not your credit score, but SF's own evaluation Risk Score to determine eligibility for coverage.<br><b>References : </b><br> No. I used to work for a State Farm agent and I ran these reports in the process of giving auto insurance quotes.

They don't see your actual credit report, SF's internal system evaluates it behind the scenes and gives the agent a score…not your credit score, but SF's own evaluation Risk Score to determine eligibility for coverage.
References :

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