Darbie Bukowski

Question: Can having your car insurance cancelled lower your credit score?

My friend had his car insurance cancelled because his wife had a few wrecks in a few years and then a DUI. They were on the same policy. Last month is when they were told their car insurance would be cancelled. Last month Equifax dropped his credit score 100points (don't know about hers). They only reason he knew about the credit score drop was because his one and only credit card had the limit lowered 75% The only thing he can think of that changed was the car insurance. Could cancelled car insurance affect your credit?

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