For people with poor credit, buying a house can be challenging — and expensive. Once you find a lender that’s willing to offer you a mortgage, you’ll probably have a higher interest rate than someone with good credit. And you could also pay significantly more for homeowners insurance.
A NerdWallet rate analysis found that a person with good credit would pay $2,110 per year for homeowners insurance, on average. But in most states, someone with poor credit would see an average premium of $3,620 per year — over 71% more.
And is irrelevant to the text above? They said their insurance went up not that their credit score changed.
Wanna take a guess at one of the factors in how much you pay for insurance premiums in most US states?
LOL. I have excellent credit and I pay nearly twice the higher figure.
I was replying to OP saying, “Also, your credit score drops if you pay all your debts,” not the item they quoted.
The post title directly references credit scores. Its pretty relevant to respond to.