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Your Payment Guardian
Brief Overview For Auto Dealers, Click Here
Brief Overview For Credit Unions, Banks, Financial Institutions, Click Here
Loss of employment is a leading cause of financial hardship. The loan payment protection helps you continue to make loan payments, when benefits run out—and you never have to pay it back. This is a monthly membership program.
If you’re unemployed, we can pay you up to $500 per month for six months, and you never have to pay it back. It is a financial safety net and membership program designed to protect your bills (especially your auto loan) if you experience sudden financial hardship. Its primary feature is an involuntary job loss benefit:
With Your Payment Guardian, you gain peace of mind knowing you can continue your payments even when your paycheck doesn’t. When unemployment benefits stop, your loan payment does not.
You won't have to spend your life savings, borrow money from family and friends, tap into a retirement account to make loan payments.
For this benefit only, the following conditions are required:
- Must be eligible for state unemployment benefits and be receiving them.
- Cannot have known about any potential lay-off before enrolling in Your Payment Guardian.
- Cannot have been fired for cause; quit; resigned; retired; or, be on leave for illness, disability, childbirth or other family obligations.
- Must be over age 18 and under age 60.
- Vested wait period 180 days.
- Cannot be retired; in active military service; or, already unemployed.
- Cannot be a contract, or temporary worker or receiving a 1099 tax statement.
Our 5 Star Financial Program will:
- Pay $500 per month for up to 6 months if an enrolled member loses their job!
- Reduces Defaults, Repossessions, For Your Lending Institution. Auto loan deficencies and repossessions are at a all time high. About 35% of those with auto loans are under water, meaning they owe more than what their vehicle is worth.
- Helps Protect Your Customers Ability to Make their Payments Due to Job Loss
With your monthly membership plan you will have identity theft protection, financial assistance, legal advice, medical advice, debt management, plus much more. Up to $10,000 in value.
