Military Specials

What is Debt Cancellation?

Debt Cancellation is a debt relief option that provides defined benefits when certain life events occur that typically cause financial trouble for people. It is not insurance and unlike insurance, it is a 2-party relationship between lender and the borrower. Qualifying events are:

• Total or permanent disability
• Death
• Purchased merchandise that was subsequently stolen or damaged

Definition of Protected Events:

• Loss or Destruction of financed property

Fire, Smoke, Explosion
Windstorm
Theft / Burglary - Visible signs of forced entry and police report stating signs of forced entry occurred

• Total or Permanent Disability

Unable to perform all duties and functions in occupation customer is qualified for

• Death

Occurring from any cause

You're Protected!

Theft occurs frequently within the military market. The customer’s car or homeowner (renter) insurance will typically not pay off a loan for rims.

If a customer accepts the Debt Cancellation with his / her loan and a protected event occurs, Debt Cancellation will cancel the remaining portion of payments attributed to the lost or damaged item. (It will cover the product only and it will not cover labor costs, tax, or delivery).