Consumerist

Posts Tagged “

Hispanics

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profit vs fairness

Should Car Insurance Rates Be Based On Your Credit Score?

For a decade now, all the major auto insurers have used a customer's credit rating to some degree in determining premiums. They claim that it results in lower rates for "most" customers, and that the data prove that people with lower credit scores make more claims and for higher amounts. The FTC released a report this summer that validated the practice—but also confirmed an unpleasant truth critics have been saying for years: because a higher percentage of Hispanics and African-Americans have low credit scores, there's a good chance they're disproportionately affected. More »

10:30 AM on Fri Oct 5 2007
By Chris Walters
2,785 views, 74 comments

Latest by EmmaC: Some states won't allow credit scores to be used to determine car insurance rates--like in California. I honestly don't more »

the news

The News: Hungover, Hating Self, World

• Virgin Mobile to unleash SugarMomma program, allowing subscribers to earn free talk time by watching ads. The highest users will get a free apartment and clothes in exchange for giving massages to their cellphone and showing up with it to fancy dress balls. [NYT]
• Cellphone companies are targetting Hispanics. Based on several statistically backed sweeping generalizations, the companies consider Hispanics 'ideal customers.' [NYT]
• Inflation rose in April while consumer confidence fell in May from its 4-year high. Sad. [Tribune]
• File under "Duh," kids exposed to more pollution while in the womb end up more stupid. [New York Post
• CMP Media trying to >prevent anyone from using the term Web 2.0. God, at least somebody is. [NYT]

12:34 PM on Tue May 30 2006
By popkin
90 views, Comment