Vector Report

[argar5]

My counter point to your point was that 4K doesn't mean A LOT of junk business. I write that on three apps.

ok. It's still 4000. Who cares on app amount. It's still owed.

 

[onefastpony]

ok. It's still 4000. Who cares on app amount. It's still owed.

True, it's still owed; however you accused the OP of writing junk business without even knowing him or the facts.

 

[WCMason]

you must've put a lot of junk on the books to have a debt that high

An agent can have a debt that high with no "junk" business. No chargebacks. A debt can be completely due to unearned advances on business still on the books.

 

[cleanstrings]

Actually there were a couple of death claims

 

[nickin910]

Vector is similar to your "Credit Report" when it comes to insurance companies. Most companies will work with you if you have only 1 and show proof of repayment or a repayment plan in place. If you have multiple vector hits though, it can be tough to get contracted with other carriers. But typically, at least in my experience, as long as you have made your effort, you shouldn't have an issue. In this case, most companies that I write for wouldn't contract him due to having 2 or more hits.


ps- Vector shows even if you have made payments. It will not be taken down until the debt is satisfied one way or another.

I sold FE years ago and got out of the game but am just recently trying to get back in.

When checking for any vector hits I just got a notice saying I have a debt with Americo.

Once I pay the debt off - will I still have issues getting appointed?

 

[Todd King]

I sold FE years ago and got out of the game but am just recently trying to get back in.

When checking for any vector hits I just got a notice saying I have a debt with Americo.

Once I pay the debt off - will I still have issues getting appointed?

You shouldn't have a problem. However, there isn't a good reason to get appointed with Americo again. Business just doesn't stick well with them for some reason.