Debt Cancellation Protection Plan
Protecting you from a bump in the road...
Having an optional protection plan such as Debt Cancellation may protect you by canceling some or all of your debt when a protected event occurs.
Prepare for the Unexpected
Debt Cancellation protection provides many benefits for members, in the event of:
- Involuntary Unemployment
When you add Debt Cancellation to your loan1 or other obligations, you minimize the impact of the unexpected.
In many cases, Debt Cancellation can:
- Eliminate all or part of your remaining loan balance
- Protect your credit rating as loan payment obligations are made on your behalf
- Prevent late fees
- Protect your family and your possessions
- Free-up extra cash when it’s needed most
- Pay benefits in addition to any other protection you may have
Debt Cancellation is affordable, may cover both you and your co-borrower, and is a part of your regular payment—giving you one less thing to think about.
Contact us at 800.854.9846, to discuss how Debt Cancellation Protection can help protect you.
1 Debt Cancellation is available for personal credit cards and auto loans.
Your purchase of Debt Cancellation is optional. Whether or not you purchase Debt Cancellation will not affect your application for credit or the terms of any existing credit agreement you have with the financial institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under Debt Cancellation. You should carefully read the contract for a full explanation of the terms.
FOR A FULL DISCLOSURE AND EXPLANATION OF THE TERMS AND CONDITIONS OF CANCELLATION(S), AND A COMPLETE DESCRIPTION OF THE PROTECTED EVENT PACKAGES, AND ANY SPECIFIC ELIGIBILITY REQUIREMENTS, LIMITATIONS, OR EXCLUSIONS CONTACT YOUR MEMBER SERVICE CENTER.