Lenders Protection is a risk management program with third party default insurance coverage allowing credit unions to approve near/non-prime automobile loans.
Lender’s Protection allows credit unions to say yes to members with credit scores below industry standard and will provide coverage to pay off the difference between what the credit union recovers and what they still owe on the loan.
Increase Auto Loan Volume
- Lend to members with scores below industry standard
- Eliminate or reduce down payments by expanding LTV limits
- Extend terms to 72 months, thereby reducing monthly payments
Manage Risk Effectively
- Default protection from an AM Best “A” rated insurer
- Credit Unions control servicing
Contact Insurance Trust today for more information at 207-773-0925 or email@example.com.