Why bad credit does double damage

This article seemed timely for me in a bad sort of way. It lists the fallout of a bad credit score.

Nothing really surprising, although I just got my auto insurance bill and couldn't believe how much my premiums jumped. I suspect this is more a result of moving than my credit score. My premiums went up 20% ($40 for 6 mos) from moving from one side of town to the other. I am beginning to think insurance companies should provide a color coded map so you know which areas are going to cost you the most in insurance premiums.

Related in Credit Score:

My Credit Score Has Been Repaired! (Jan 30, 2006) Last year, I discovered my credit score was taking a small beating from taking advantage of several 0% balance transfer credit cards offers. I used these interest free loans to earn interest in higher yield online savings accounts like this...

An Update on Improving My Credit Score (Nov 03, 2005) Last week I found out my credit score was lower than I expected as a result of taking advantage of multiple 0% balance transfer offers. You can find out more about this on myguide to playing the 0% game.At the...

Free Credit Score from Eloan (Oct 28, 2005) I just found out that Eloan offers a free credit score (similar to FICO credit score). I just signed up for an account and had to enter a credit card number that was listed on my credit report (just to...