Credit and Bankruptcy Law


What is credit insurance?

Credit insurance is insurance bought that pays off the balance of a loan if you become disabled and cannot work to earn money to pay back the money you borrowed. There are different types of credit insurance, including credit life insurance, credit health insurance, and credit disability insurance. If a person does not have life insurance, credit insurance may be a good purchase, particularly the type that will pay off a loan in case of your death.


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