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Bad information on credit reports can lead to higher rates and loan denials, but many are unaware of the importance of their CLUE (Comprehensive Loss Underwriting Exchange) report in relation to insurance costs. Reporter Jackie Calloway highlights that in Florida, where residents pay the fifth-highest insurance rates in the U.S., errors on CLUE reports can result in inflated insurance premiums. Florida Consumer Action Network's Bill Newton urges residents to check their CLUE reports, which function similarly to credit reports by tracking claims history for car and home insurance. Ensuring the accuracy of this information, including vehicle details and accident claims, can help consumers potentially lower their insurance costs.