How does a wrecked car loan payoff (by insurance company) affect credit score?

How does a wrecked car loan payoff (by insurance company) affect credit score?

I have a car that I have a loan on that has been wrecked. Since the bank owns the car, I have full coverage & insurance is writing it off. They are going to cut a check to the bank for the balance due on the car. I have so far paid this loan on time; it has been rebuilding my credit. When the loan is paid off by insurance, will I get more points to my score since the loan was technically paid off early? Or will I only gain based on my status as paid ontime at this point?

 

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Insurance Cost?

I'm 18 and I have a 3.0+ GPA and I'm a male. I'm looking to get a new 2007 Honda Accord two door manual transmission. I live in California in the L.A. area. Does anyone know the price range of my insurance?

 

 

Insurance companies scoop on value of totaled car?

If the market in your area is much higher then what nada is, the insurance is going to do a market analysis. How far can they legally go out. Meaning how many miles. If I am in ...show more

 

 

Why do I have to pay first year homeowners insurance?

I'm in the process of purchasing a home. I'm taking out a FHA loan and my broker stated that I would have to purchase first year homeowners insurance for a year. My question is my monthly taxes, PMI, and also home insurance is already infused in my monthly mortgage payment,so why is that I have to pay for a years worth of insurance when I'm making a monthly payment on it anyways? Will I being paying twice? Can someone please explain

 

 

Where to find cheap insurance in ontario?

I'm turning 22 had a Kawasaki Ninja 250R as a starter bike and looking to upgrade to something bigger. I have a clean record but any online quote I get for a bike 600cc or higher results in $10,000/year or higher in insurance. I see guys my age riding around all the time on R6s and CBR600RRs and I don't understand it. Am I missing something? Any suggestions would be greatly appreciated.

 

 

Wat insurance should i use?

I'm 19 years old and I have a part time job. Wat is the cheapest insurance I can get? And a good one

 

 

Insurance question UK?

hi i have just passed the uk driving test . what car should i get that would cost me the lowest insurance but don't say Nissan Micra plz :).. and what else can i do to make it lower . the quote i got is 3,000 is that alright for a fresh new driver on a golf 1,4?

 

 

Can you recommend a cheap insurance company?

I'm seventeen and currently learning to drive. (I'll hopefully be getting a Peugeot 206 or Renault Clio etc) Can anyone recommend somewhere that has CHEAP car insurance? Most places are quoting me 2000!!!! AHHHH On a price comparison site the cheapest quote was from Quinn Direct (700-800). Is this a good company or can you suggest other companys. (PS I live in N Ireland so local places please) Thanks in advance for answering :)

 

 

Is classic car insurance better for a 1984 corvette or regular car insurance?

im planning on getting a 1984 corvette but the insurance for it is a little too high.i just found out about classic car insurance but i really don't know much about it.but for classic car insurance,am i limited to a certain number of things like how far i can drive my car,when i can drive,etc?will the insurance actually be less or more for classic car insurance?and what is the best classic car insurance company i should go with?

 

 

How much should a motorcycle insurance cost?

A little about me: -age 23 -driving licence for both cars and bikes since 2008 (European version) -have no previous claims or penalties -I do drive cars for the company I'm working for -the bike is a 600, 2013 model -I'll buy a security device soon -was thinking of having a 150 pounds voluntary excess

 

 

Do u HAVE to have insurance?

i rather pay out of pocket anyways than fool with insurance.

 

 

Can car insurance limit your driving distance by gade?

My father wouldn't let me road trip to another state because my car insurance would only let me drive from here to school. Can car insurance limit the places you drive?

 

 

Why Do Teen Boys pay more for car insurance?

Why Do Teen Boys pay more for car insurance? Who Talks more Women, Who Texts More Women? i dont get it we should pay the same insurance rates?

 

 

Question about my Geico Car Insurance?

I've just registered my car for Geico car insurance today. On my confirmation statement it said that my insurance will be activated on March 15th, 2012. About 45 minutes away from now. Will I be able to drive my car at midnight? I want to be sure I'm completely safe. Thanks.

 

 

How much insurance should I have on my car?

1999 Toyota Camry, 90K miles, excellent driving record, car is paid for. How much insurance should I have on it now?

 

 

Auto insurance cost for teen?

I am 16 years old and have a 2002 vw jetta. I was wondering how much it would cost for insurance?

 

 

How much would teen car insurance be monthly?

I just got a job and I'm looking to buy a car around December... The car will be worth 1200-1500... I'm 16 years old and haven't had any accidents. Around how much would my car insurance be a month?:) thank you!

 

 

Where to find a Company for Affordable Individual Health Insurance Quote?

I know there are many places, but please fell free to recommend me affordable individual health insurance quote

 

 

Ninja 250r Insurance price for 17 year old?

Hi, i am looking to buy a USED ninja 250r when i turn 17. How much would Insurance cost per month? I plan on taking the msf course, and any other program that could lower my insurance rate. Thanks!

 

 

Cheapest car to insure for 17 year old male in Toronto?

Im looking to buy a car and i live in the toronto area. Insurance is not the cheapest here. I was wondering what my best bet was in terms of insurance. Im looking for cars, not minivans,suvs, trucks...etc

 

 

Personal Medical Insurance?

Why is medical insurance is a dream of riches or expensive commodity in U.S.A ? For example, Denmark, Canada, and other countries it is affordable and free to the people who contribute to the development of the country? (In Denmark for example if you can speak Danish, and work, you get free Insurance, like such in another countries). Why can't we make it affordable to everyone? What pro-active thoughts, comments, actions, suggestions you have for in this regard? Thank you.

 

 

Insurance for 2001 celica?

considering everything else equal (age, experience, w/e), how is the price of insurance for a 2001 toyota celica compared to cars of the same price range? eg accord, sports cars, compact cars, midsize

 

How does a wrecked car loan payoff (by insurance company) affect credit score?

I have a car that I have a loan on that has been wrecked. Since the bank owns the car, I have full coverage & insurance is writing it off. They are going to cut a check to the bank for the balance due on the car. I have so far paid this loan on time; it has been rebuilding my credit. When the loan is paid off by insurance, will I get more points to my score since the loan was technically paid off early? Or will I only gain based on my status as paid ontime at this point?

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