Life is unpredictable. You may worry about unexpected, real-life events that could leave you scrambling to pay your monthly bills. Credit Care can help relieve financial pressure in the event of death, disability or involuntary unemployment.
With Credit Care, your loan balance or monthly loan payments will be cancelled without penalty or added interest. You benefit from the peace of mind knowing you and your credit rating are protected.
Credit Care is available for:
Closed-end consumer loans if the loan has a term of 120 months or less; open-end consumer loans and unsecured lines of credit.
There are eligibility requirements, conditions and exclusions that apply to this program. Please contact us for additional details about the Credit Care program.
Definitions of coverage
Death - Give your family time to get back on their feet financially.
Credit Care and Life Care plans - Cancel the loan balance as of date of death (up to $75,000).
Disability - Help avoid bills piling up as you try to regain your health and earning capacity. Use this benefit as a supplement to any disability coverage you may have at work (which usually only covers 60 percent of pay). Credit Card and Disability Care plans - Cancel up to six payments per occurrence with a monthly maximum cancellation of $1,000 and a maximum aggregate benefit of $15,000 per borrower.
Involuntary Unemployment - Ensure that one of your major monthly expenses will be taken care of as you search for new employment. Credit Card and Unemployment Care plans - Cancel up to six payments per occurrence with a monthly maximum cancellation of $1,000 and a maximum aggregate benefit of $15,000 per borrower.
Cancel any time
You may cancel Credit Care at any time. If you do so within the first 30 days, we will refund any fees already paid.
A benefit for you
We've designed our Credit Care program to fit the times we live in today. More than ever, we all worry about things that might happen tomorrow. Credit Care provides an important sense of financial security - knowing your loan will not become a burden to you in times of hardship.
Please consult with one of our representatives to discuss our Credit Care program in more detail.