Protection
The name of our extended warranty.
What is Mechanical Breakdown Protection?
This regulation protects service members by providing rate limitations.
What is Military Lending Act (MLA)?
This is the average turnaround time for a decision.
What is 2 hours?
This form is used for loan modifications.
What is a Subsequent Action form?
These are the three credit bureaus
What are Equifax, Transunion, and Experian?
The fee to purchase GAP.
What is $449.00?
You cannot decline taking an application due to this regulation.
What is Equal Credit Opportunity Act (ECOA)/Regulation B?
This application you will complete closing details on and send DocuSign to the member.
What is Secured Personal Loans (Share, CD, Kreditlines)?
This document is required prior to submitting a loan extension request.
What is Verification of Income?
"J" means this on a credit report
What is Joint?
You can get a full refund on an extended warranty if canceled within this timeframe.
What is 30 days?
This Act will lower interest rates for our enlisted members that are being activated.
What is the Servicemens Civil Relief Act (Soldiers and Sailors Act)?
This person will give the decision on a counter-offer decision.
Who is an MCS 3?
In order to be eligible for this, the loan must of been on the books for a year or more.
What is a Loan Extension?
This score is used to determine the rate for a boat loan
What is the regular FICO score?
At this age Credit Life will expire.
What is 70?
A consumer disclosure regulation.
What is Truth in Lending/Regulation Z?
After this amount of time is when you would submit an application "as is" due to lack of communication with the applicant.
What is 2 weeks?
In order to request this, the first payment must of been made.
What is a Due Date Change?
REV stands for this
What is Revolving?
This is the maximum payment amount Credit Disability will cover.
What is $900.00?
This law was established to ensure that credit bureaus maintain accurate credit reports.
What is Fair Credit Reporting Act?
This type of applicant is the only one you would call back once the decision returns 'Approved'.
What is a non-member?
This allows a recalculation of the montly payment amount for the remaining term of the loan.
What is a Lump Sum Payment?
This factor results in approximately 35% of your credit score.
What is payment history?