I have a client trying to buy a 100k 30 year term policy. we had to write a letter of explanation regarding a judgment for 5k and two collection accounts totaling 2k. Their credit report clearly states fraud victim and you can see that all of their other bills are paid timely but they refuse to pay on fraud accounts.
Is this something you can be turned down for? I wrote policies before on people with actual bad credit.
Source of insurance-forums.net
Is this something you can be turned down for? I wrote policies before on people with actual bad credit.
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