Credit Agreement Insurance

If you do, you will have to repay all the credits you received. You can send it by phone, e-mail or in writing to Close Brothers Premium Finance using the information provided in the welcome package. (i) Taking into account, first, your regular monthly income and, second, your monthly expenses, you have sufficient residual income to meet the minimum repayments of this agreement. By spreading the cost of your insurance premium, choosing the payment date that works best for you, and budgeting for your fixed monthly repayment, it can help make your insurance more affordable and make it easier for you to manage your money. An insurance company or, to a lesser extent, an insurance holding company is subject to a regime of state laws that do not apply to other borrowers. Therefore, a standard set of insurance and guarantees for this type of borrower may be insufficient or inappropriate. Below you will find proposals on how these provisions can be revised or supplemented in a way that is appropriate for policyholders. As the insurance policy is the guarantee of your credit agreement, your insurance policy may be cancelled if you do not comply with your repayment obligations. Premium financing takes away the pain of paying for your insurance, so you don`t have to pay your insurance premium at once. You will find an example of a standard section on insurance and guarantees of a credit agreement in your broker you can also follow directly for outstanding debts after the termination of the credit agreement and insurance policy. i) Given the recent revenues and expenses of companies/partnerships, you have sufficient free money to meet the minimum reimbursements of this agreement.

The right of withdrawal – You have the right to terminate the credit agreement without penalty and without justification within 14 days of receipt of your contract signed by Close Brothers Premium Finance. The credit agreement is only suitable for financing your insurance premium. If the credit agreement is terminated in such circumstances, Close Brothers Premium Finance is entitled to receive all revenues or refunds paid in accordance with the terms of the policy. You will then reimburse the funder for the costs of your insurance, plus interest and fees in case of fees, by regular deduction. It is important that you read your credit agreement with the other information contained in your welcome letter/email. To start from the financing, please sign a copy of your credit agreement and send it back to us. Any remaining debts after the termination of your credit agreement are tracked by us, which may involve the use of a collection office. .