ConsumerSafe Plus debt protection
from Metropolitan Services Credit Union
Protect what matters
these types of events to ensure loan payments can be made on time. That’s where optional ConsumerSafe Plus debt protection comes in.
Under the ConsumerSafe Plus debt protection program, your loan balance may be canceled or your monthly loan payments canceled without penalty or added interest. You benefit from the peace of mind knowing you and your credit rating are protected — and most importantly – that your family is protected.
Designed with you in mind
More than ever, we all worry about things that might happen tomorrow. ConsumerSafe Plus debt protection provides an important sense of financial security — knowing your loan will not become a burden to you in times of hardship.
Cancel at any time
You may cancel ConsumerSafe Plus debt protection at any time. If you do so within the first 30 days, we will refund any fees already paid.
Availability and plan options
ConsumerSafe Plus debt protection is available for consumer loans, home equity loans, and credit cards. Choose from the plan options listed below:
If you meet eligibility requirements and conditions, debt protection will provide the following benefits:
Death protection helps your family get back on their feet financially with the cancellation of your loan
• All plans: Cancels the remaining loan balance as of date of death (up to $75,000).
Disability protection cancels your loan payments for a period of time as you regain your health and earning capacity
• Plans 1 & 2: Cancels up to six payments per occurrence (aggregate maximum of $15,000, up to $1,000 per month).
Involuntary unemployment protection helps ensure your loan payment will be taken care of as you search for new employment
• Plan 1: Cancels up to three payments (aggregate maximum $15,000, up to $1,000 per month).
Want to learn more?
Call the Credit Union at (651) 602-8105 to learn the details about our ConsumerSafe Plus debt protection program.
This product is optional. Your purchase of debt protection is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with us.
Additional disclosures. We will give you additional information before you are required to pay for debt protection. This information will include a copy of the contract containing the terms and conditions of debt protection.
Eligibility requirements, conditions, and exclusions. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving debt protection benefits. You should carefully read your debt protection contract for a full explanation of the terms and conditions of the debt protection program.