What is Credit Insurance?
- By john parker
- Published 09/11/2007
- Credit
- Unrated
john parker
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Are you wondering what is credit insurance? Very simply, credit insurance is an insurance policy that protects a loan on the chance that you are unable to make the repayments.
The next time you have occasion to apply for a loan or mortgage, you will be asked if you want to buy credit insurance, or it might already be included in your loan proposal. If so, it will increase your loan amount and you’ll pay additional interest. Read More on: http://www.investmentbankingcentral.com Source: http://blog.infomean.com/what-is-credit-insurance/
The next time you have occasion to apply for a loan or mortgage, you will be asked if you want to buy credit insurance, or it might already be included in your loan proposal. If so, it will increase your loan amount and you’ll pay additional interest. Read More on: http://www.investmentbankingcentral.com Source: http://blog.infomean.com/what-is-credit-insurance/