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Choosing your Credit Counsellor for Debt Consolidation Services Canada: Credit Counsellors & Debt Consolidation in Canada - Vancouver (BC) Canada

Credit Card and Loan Insurance: More Complicated Than You Think

When you are borrowing money from a financial institution a common question is, “Would you like insurance protection?” For a monthly fee you can purchase ‘peace of mind’ – in the event of illness, job loss, or an accident, your loan/credit card payments may be paid on your behalf through the insurance company. Is it really that simple?

The short answer is: it’s never really that simple.

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