Insurance Credit Scoring Tips

Credit Scoring Resources

Credit Scoring Fast Facts

Surprising facts about the truth behind credit scoring from Texas Watch. Read More

Insurance Credit Scoring Guide

A Texas Watch guide to insurance credit scoring: what it is, how it’s used and how it impacts you. Read More

Federal Trade Commission (FTC)

The FTC is a great resource for information on credit scoring and reports.  Their main Credit Reports and Scoring page contains a number of informative reports, and they also have a “How to Dispute Credit Report Errors” fact sheet. To file a complaint or to get free information on consumer issues, you can call their toll-free number.

The Texas Department of Insurance (TDI)

TDI has a Credit Information Resource page with useful information on credit scoring, legislatively-mandated studies, and a list of insurance companies in Texas that use credit information to help determine rates.

Consumer’s Union

Consumers Union’s Your Credit Matters page contains helpful information on how to obtain your credit report.  The Credit Reports section on their Defend Your Dollars micro-site is also full of information on related policy and legislation, research and reports and other advice for consumers.

How to Obtain Your Credit Report

It is important to make sure that the information contained in your credit report is correct since it is used to determine your final credit score.

As a result of the 2003 Fair and Accurate Credit Transactions Act (FACTA) passed by Congress, US consumers now have the right to request one free copy of their credit report a year from each credit reporting agency.  There are a numbers of ways consumers can access this information.

  • Online: Annualcreditreport.com is the ONLY official website on which to order your free credit reports.  Many other similar-looking websites have sprung up that claim to offer these services.  However, be wary of these sites, as some may trick you into signing up for a for-cost service.
  • By  phone: Call (877) 322-8228.
  • By mail: Fill out the “Annual Credit Report Request Form” and mail it to:
    Annual Credit Report Request Service
    P.O. Box 105281
    Atlanta, GA  30348-5281

How to Obtain Your C.L.U.E Report

A personal property or auto C.L.U.E. (Comprehensive Loss Underwriting Exchange) report contains information provided by insurance companies on a consumer’s claims history and details about the covered property.  It is used in insurance underwriting and rate setting.  The report often contains errors, so it is important to make sure that yours is correct.  You can order a copy of your C.L.U.E. report, which is free once a year as a result of the FACT Act.

Order a copy of your C.L.U.E. report

How to Purchase Your Credit Score

The credit reports discussed above do not contain your consumer credit score that lenders use to determine credit worthiness.  To obtain your credit score, you must purchase it from the credit reporting agency. The websites for the three major agencies are:

All three websites also have a way to purchase all three companies’ credit scores at the same time.

  • myfico.coma website from the company that invented the FICO credit score, the credit scoring system used by the vast majority of lenders.  On the website, you can purchase both TransUnion and Equifax credit scores.
Research & Reports
Research & Reports

The Texas Watch Foundation, a non-partisan 501(c)(3) organization, conducts research and public education activities on consumer law, consumer protection and civil justice issues. Read More »

Court Watch
Court Watch

Court Watch, a program of the Foundation, documents the role and impact of the Texas civil court system on Texas families and Texas public policy. Read More »