Debt Cancellation Agreement (DCA) Programs
Debt Cancellation Agreement (DCA) programs are an exciting alternative to the highly regulated credit insurance products most financial institutions rely upon for fee-based income.
Like credit insurance, DCAs help protect your borrowers when specific events impact their ability to repay loan obligations. It safeguards lending institutions from costly charge-offs, delinquencies, and collections. And it delivers an important source of fee-based income. |
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DCAs are simple and not regulated by the state insurance departments with respect to rates, benefits, policy forms and licensing, resulting in a major reduction in red tape. Available to all federally chartered, and most state-chartered Lenders , a well designed DCA program can deliver a number of exciting new benefits.
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All the benefits of credit insurance - with greater program flexibility |
Call us today or email for more details, 888-753-7678.