Risk Assessment Indicator Facts and Fallacies

Fallacy: A low indicator will haunt me forever.

Fact: Just the opposite is true. Your indicator changes as new information is added to your credit report. Over time, your indicator changes gradually as you change the way you handle your credit responsibilities.

Fallacy: Farmers Risk Assessment Indicators are unfair to minorities.

Fact: Farmers Risk Assessment Indicators do not consider ethnic group,disability, religion, gender, marital status, nationality, age, income or address. Only credit-related information is included, and the Fair Credit Reporting Act governs its use.

Fallacy: My Farmers Risk Assessment Indicator will be hurt if I contact several insurance companies who each access my credit report.

Fact: Insurance company requests, or "soft inquiries," are not considered by any evaluation model used by Farmers or, to our knowledge, by any company that uses risk evaluation models

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