Last Updated on May 3, 2021
If you have filed for Chapter 7 bankruptcy during the last year, you may not get a life insurance policy. But if the bankruptcy has been discharged, then you may need to look for an insurance company to work along with you.
3. CREDITS CAN AFFECT YOUR PREMIUM
Credit affects insurance cost or the insurance premium directly. The reason behind that is your insurance will always use your credit to decide your insurance rate. In other words, if your credit is good, the premium will be lower.
