A Question About Credit Disability Insurance on a Car Loan!

Dear Tony,

I financed my car through United Auto Credit and I have recently become disabled; Not permanently but for a while. I was wondering if you get a high risk loan I heard that they automatically give you disability insurance that will pay your payments until you get back to work. Any info on this would be greatly appreciated as United Auto Credit is giving me no info.

Thanks

Jessica M.

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Hi Jessica,

Credit Disability Insurance is always optional. Sometimes, car dealers will include it in a car payment without telling you, because they make a lot of money on it! Still, you have to sign the policy, and they have to give you a copy of it along with your finance papers.

If you still have your original paperwork look through it for a copy of this policy. If you have Credit Disability Insurance it will also be listed separately on the loan contract, so look at that too.

United Auto Credit should be able to look at their copy of the loan contract and tell you if you have it or not. You can also contact the Finance Manager at the dealership where you bought the car and ask him or her to look in their records to see if you have it.

Remember, it's optional, so you may or may not have it.

I hope this helps . . .

All my best . . .

Tony Iorio
http://www.insidercarsecrets.com
http://www.car-loan-quotes.com
http://www.used-car-warranty.com