Skip to main content
Elements will upgrade our chat system on Thursday, January 23. You might experience connectivity issues around that time.

Debt Protection

Protect your credit rating during tough times.

Call for Free Quote 1-800-621-2105, ext 1

Debt Protection

Allows your loan payment to be put on hold without penalty.

Debt Protection helps relieve the financial stress and worry related to making payments when your life takes an unexpected turn. Your loan payment will be cancelled without penalty, added interest, or being reported as delinquent to the credit bureau should a covered loss occur.

KEY FEATURES

  • Designed to help you in a time of financial need
  • Protects you from defaulting on your loan by canceling your loan payments for covered events
  • Covered events may include death, disability, and involuntary unemployment
  • Available for any Elements loan with less than a 120-month term, except for mortgages and student loans
  • Single and/or joint coverage is available on protected events (as defined in the Debt Protection Agreement pertaining to your loan type)

MAY BE A GOOD CHOICE IF

  • You want to protect your family's financial security and your credit rating during uncertain and stressful times
  • You want peace of mind about making some or all loan payments should an unforeseen life event occur