If you’re like most people, you may be worried about unexpected, real-life events that could happen during the term of your loan. Things such as losing your job or getting injured that may leave you scrambling to pay your monthly bills.

 

We offer PayProtect to relieve the pressure of your loan payments during certain unexpected events. PayProtect protects you, your family and your credit rating. You have the peace of mind knowing your monthly loan payments will be cancelled in the event of death, disability, involuntary unemployment or hospitalization.

 

Here’s how PayProtect works. Your consumer loan payment* will be cancelled without penalty, added interest, or being reported as delinquent to the credit bureau when one of the covered events occur:

 

Death — gives your family time to get back on its feet financially.

 

Disability — helps you avoid bills piling up as you try to regain your health and earning capacity.

 

Involuntary Unemployment — gives you assurance during a difficult time that one of your major monthly expenses will be taken care of as you search for new employment.

 

Hospital stay — provides peace-of-mind and one less worry while you’re in the hospital.

  

*Progressions Credit Union PayProtect is available for open-end consumer credit plans and unsecured lines of credit, credit cards and home equity lines of credit.