Geico Ran A Credit Check
Geico Credit Check Questions
Geico ran a credit check on me without authorization.
I did not contact them at any time.
There were two people living here with the same name, and nobody gave Geico a social security number.
How is this legal?
Unfortunately, insurance companies DO run credit checks as standard procedure when they get an inquiry for an insurance quote.
The insurance company doesn't even need a social security number to run a credit check. They are able to use your name and address to get a basic credit score.
Supposedly, this type of credit check doesn't really affect your credit score adversely. There is debate as to whether or not that is true, but I tend to fall an the side that it probably doesn't hurt your credit score too much, if at all.
If Geico ran a credit check on you, it will be listed on your credit report, but it will be identifiable as an insurance check and not a request for more credit.
Perhaps the other person who shares your name and address requested a free insurance quote from Geico and that's how the mishap occurred.
Insurance companies use credit scores to help factor what your auto insurance premiums will be. I know it doesn't seem relevant, but they have apparently determined that it IS relevant according to statistics gathered over a number of years.
I'm sorry for your concern and upset. It's just the days we are living in. We really have very little privacy left, no matter how much we talk about it.
~Angie from Auto Insurance Helper