Credit Insurance

Credit insurance is offered by loan and credit card companies. The purpose of the insurance is to protect debtors who cannot pay off their loans or lines of credit due to death, disability, unemployment or health-related emergencies.
There are fraudulent companies that offer credit insurance at a lower premiums than loan institutions would typically offer. The problem is that these fraudulent organizations collect premiums and never fulfill their obligation when the client is legitimately unable to pay off a loan.

To protect yourself, make sure that you thoroughly research a company and that when you sign loan papers you make sure that credit insurance is optional and that a cancellation policy exists.

Questions or comments? Fill the form below or send an email to blog@coursesathome.org

COURSES AT HOME