What is the name of your state?What is the name of your state?
NY.
My wife and I are preparing to purchace term life insurance. We have a 5 yr. old son. Due to a series of bad events about 5 years ago our credit is horrible. Proir to the events our credit was excellent. We've been working faithfully with a debt counseling service for 4 years. I have a judgement against me in NYC with a collection agency for a different debt (though I accept as my fault/problem, I was traveling on business when the summons was served, never showed up in court, and did not know anything was happenning until my bank accounts were frozen.) I have been paying my monthly agreement on this judgement. As we are working diligently to be debt free and hope to be before the end of this year, how will my screwed up credit affect my life insurance premiums and why?
NY.
My wife and I are preparing to purchace term life insurance. We have a 5 yr. old son. Due to a series of bad events about 5 years ago our credit is horrible. Proir to the events our credit was excellent. We've been working faithfully with a debt counseling service for 4 years. I have a judgement against me in NYC with a collection agency for a different debt (though I accept as my fault/problem, I was traveling on business when the summons was served, never showed up in court, and did not know anything was happenning until my bank accounts were frozen.) I have been paying my monthly agreement on this judgement. As we are working diligently to be debt free and hope to be before the end of this year, how will my screwed up credit affect my life insurance premiums and why?