Finance with peace of mind using Debt Protection by TruStage.
Between signing a new loan and paying it off, life can be unexpected. Debt Protection can provide financial security and peace of mind by covering certain financial challenges that may arise during the term of a loan.
Here are the basics about your Debt Protection options at Visions – and why it matters.
Through our partnership with TruStage, we offer Debt Protection for most of our non-business loans. That means you can request coverage for Visions loan products from auto loans to home improvement loans, from credit cards to Readi Reserve lines of credit (learn about Overdraft Protection), from Fixed Rate Home Equity Loans to Home Equity Lines of Credit (HELOCs), and more!
Debt Protection could cancel your loan payments or loan balances up to contract maximums in the event of disability or involuntary unemployment, either for the primary borrower or for someone who is joint on the loan as a cosigner - or both! La cobertura de vida podría incluso cancelar el saldo restante de su préstamo al momento del fallecimiento del prestatario o los prestatarios.
When applying for an eligible loan, simply select your preferred Debt Protection coverage. These elections are voluntary, won’t affect your loan approval criteria, and fit into your total monthly loan payment. You can also change or cancel your coverage at any time.
Here’s the coverage you could receive with Debt Protection:
LifePlus can address a wide range of circumstances, including terminal illness, accidental dismemberment, hospitalizations, family medical leave, and the death of a non-protected dependent.
Disability coverage can cancel loan payments when a covered disability occurs due to illness or injury.
Involuntary Unemployment coverage can provide financial relief if an unexpected, covered job loss occurs.
Single coverage provides the elected Debt Protection for the primary borrower and eligible dependents, whereas Joint coverage extends the coverage to a cosigner on the loan.
Usted elige.
As you think about committing to a loan or line of credit, take a moment to reflect. With an unexpected drop in income, would you be able to continue your loan payments on time and maintain your standard of living? Similarly, if something unexpected happens to you, how will your loan impact your cosigners? If you feel uncertain about either outcome, then consider Debt Protection to safeguard your finances.
To review or change Debt Protection coverage on your Visions loans, call our Contact Center at 800.242.2120.
La protección de deuda es opcional y no afectará su solicitud de crédito o los términos de todo acuerdo de crédito requerido para obtener un préstamo. Pueden aplicarse ciertos requisitos de elegibilidad, condiciones y exclusiones. Comuníquese con su representante de préstamos o consulte el contrato para obtener una explicación completa de los términos. Recibirá el contrato antes de que se le exija pagar por la protección de deuda. Puede cancelar la protección en cualquier momento. Si cancela la protección dentro de los 30 días, recibirá un reembolso completo de cualquier tarifa pagada.
La protección de deuda no tiene garantía federal ni es obligación de la cooperativa de crédito o cualquier entidad afiliada.
DP-6949922.1-0824-0926