Figures show the rate of New Brunswick adults coping with serious financial problems is the highest in Canada for the fourth year in arow, adding a wrinkle to the introduction of credit scores as a factor in setting auto insurance rates in the province.
Over the last several months, the New Brunswick Insurance Board has given several insurance companies the go-ahead to ask customers for permission to use credit scores as a factor in setting auto premiums.
It could be a significant change in a province where an unusuallyhigh number of people struggle with personal finances.
According to figures compiled by the Office of the Superintendent of Bankruptcy Canada, about one in 87 New Brunswick adults 7,246 in total filed for insolvency ov…
Read the full article at: https://www.cbc.ca/news/canada/new-brunswick/auto-insurers-credit-scores-new-brunswick-1.6172978
