The new Sears Payment Protection Insurance is very similar to the Sears Protect and Sears Cash Advance. The difference is that this policy provides protection against a default in payment.
The SBA has found that consumers who have low income are less likely to file claims on their loans because they fear they will not be repaid. With the new Sears Payment Protection Insurance plan, the consumer can protect their assets from a potential foreclosure.
There is no guarantee that you will receive SBA approval for this plan, but it is worth a try. If approved, you will enjoy a lower monthly payment for your SBA-guaranteed loan, and you can avoid having to worry about repossession of your home.
If you apply for and receive Sears payments and have your account approved, you will have the option of transferring the loan into a cash advance or a secured loan. You can use these two types of loans to supplement your current loan repayment.
Sears payment protection insurance can help you prevent foreclosure by providing protection against a default in loan repayment. You should obtain this plan today and start saving money by paying your bills on time. A lot of people are unaware of the benefits of this type of protection, and many who do know are hesitant to get it.
By obtaining this Sears payment protection insurance, you can ensure that you are able to keep your home when your income falls below a certain level. Your SBA will be happy to tell you how much you can save on your monthly payments, and you can stop worrying about being able to make your payments. an important part of keeping your home and having the peace of mind that comes with knowing that you are protected in case of a foreclosure.
If you find yourself in need of this type of protection and cannot find it within your budget, contact your local bank or SBA to see if they offer the program. If your bank does not offer it, check online and see if the SBA has any good programs available to you.
The good thing about this program is that there are no restrictions on how much protection you get or when it expires. You can continue to pay your bills even if your income falls below a certain amount.
Sears payment protection insurance has been around for quite some time, so you might want to take advantage of it. This plan is one that will help you avoid foreclosure, protect your assets, and help you keep your finances in order.