Why get payment protection with your loan?People often take out loans when they buy a car, a house or something else big. But sometimes life hits us with things we can't control, and we just can't make timely loan payments. A MECU Payment Protection plan can help ease your burden during challenging times by reducing your financial obligations.
Life can be unpredictable. It pays to be prepared.No one likes to think about losing their job, being disabled, or even passing away at a too-early age. But if you no longer have an income, could you or your family pay off your MECU loan? A MEMBER’S CHOICE™ Borrower Security* Payment Protection plan is the simple, low-cost way to protect your family's finances.
- Helps prevent loan delinquency, default, or foreclosure when a protected life event occurs
- Monthly payments are either canceled or waived for a certain time period
- Frees up money that allows your family to pay other household bills