Protect your loan. Help preserve your
standard of living.
Whether you're taking out a loan to make home improvements or
buy a vehicle, it can be a financial gamble because things
happen…life happens. You're betting you can pay back your loan and
you won't lose your job (to no fault of your own), or become
disabled (due to injury or illness), or pass away, leaving your
family responsible for your loan balance. Life events can cause
financial hardship, making bill-paying difficult. You don't want
delinquent payments and defaulted loans to cause you to lose your
assets, negatively impact your credit rating, or cause financial
distress for your family.
Help play it safe.
Debt Protection* is a voluntary loan-payment protection product
that helps you get relief from the financial burden of delinquency,
default, or foreclosure if a protected life event unexpectedly
happens to you. And, simple eligibility requirements ease the
Protection that matters.
If a protected life event happens to you (and you're a protected
borrower or co-borrower on the loan), Debt Protection will cancel
or reduce repayment of your loan debt-helping to lessen your
worries, and your family's worries, about paying loans during a
time when your income may be reduced or lost and paying other
household bills becomes challenging. Protected events include:
- Loss of life, including those caused by acts of war
- Disability, including those caused by acts of war
- Involuntary unemployment
For more information on this product call us at (818) 846-1710
or stop by the lobby.
*Debt Protection is a product
offered by Burbank City Federal Credit Union. Enrollment in this
debt protection product is voluntary and not required to obtain a
loan. Please contact a Burbank City loan officer for additional
information on benefit maximums, eligibility, limitations, and a
copy of your contract.