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Chapter 13 bankruptcy does not put your vehicle at risk, and you will continue to make payments under a modified loan agreement. If you are behind on your auto loan, you may be able to reaffirm or ...
It's very difficult to buy a car during active bankruptcy, and most borrowers require a court's permission to take out additional loans during that time. It's usually better to wait until the ...
A recent bankruptcy can easily cause your credit score to plummet, making it difficult to purchase a home, buy a car or qualify for other types of loans. It can also cause your insurance rates to ...
Collateral Protection Insurance, or CPI, insures property held as collateral for loans made by lending institutions. CPI, also known as force-placed insurance and lender placed insurance, [1] may be classified as single-interest insurance if it protects the interest of the lender, a single party, or as dual-interest insurance coverage if it protects the interest of both the lender and the ...
Payment protection insurance. Payment protection insurance (PPI), also known as credit insurance, credit protection insurance, or loan repayment insurance, is an insurance product that enables consumers to ensure repayment of credit if the borrower dies, becomes ill, disabled, loses a job, or faces other circumstances that may prevent them from ...
In many instances, this insurance will also pay the deductible on the primary insurance policy. These policies are often offered at auto dealerships as a comparatively low cost add-on to the car loan that provides coverage for the duration of the loan. GAP Insurance does not always pay off the full loan value however.
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