When life happens, voluntary protection products are there, helping over 50 million U.S. households cover their payment obligations. Highly accessible through lenders, auto dealers and retailers, consumers can make an informed choice to protect their assets and their credit. Whether it’s a loan payment, or the costs to repair their cars, appliances and electronics, consumers can rest assured their payment obligations are covered.

Sheliah and her husband are residents of the area in southeast Louisiana that was devastated by floods in 2016. “I will definitely use [the debt protection product] again, for sure,” Sheliah says. “I never thought a finance company would help, and then they pay off my loan and give me a check for [the loan cost]. Since then, I have told everybody what a help this has been.”

Sheliah (Southeast Louisiana)

“Without GAP protection, my vehicle wouldn’t have been safe to drive with my baby,” Sargent Gamble says. “Plus, I would have been stuck with repaying the $13,500 left on my loan, while trying to find a new car and taking on additional debt.”

New interpretations of the Military Lending Act completed by Defense Department officials during 2017 mean active duty service members like Sargent Gamble no longer have access to GAP protection.

“GAP protection is very beneficial,” Sargent Gamble says. “Imagine if I had been deployed when the hailstorm came. All the way from Afghanistan, I’d still be paying for a car that I couldn’t even drive. Access to GAP protection shouldn’t be taken away from active duty service members. We need GAP protection just like everyone else.”

Army Sargent Gamble (Colorado Springs, Colorado)

Michele from Shelby, North Carolina, says of her credit insurance, “I was laid off from my job after 10 years of service. My only source of income is unemployment compensation, which is barely enough to make ends meet. I don’t know what I would do if I didn’t have [credit insurance].”

Michele (Shelby, North Carolina)

Several years ago, Helen of Springfield, Missouri, suffered a debilitating stroke. She says, “Debt protection was an integral part of what carried me through the most difficult time in my life.”

“My credit union offered debt protection to me when I financed my car and my daughter’s car there. It seemed like the smart, responsible thing to do. Purchasing that debt protection turned out to be the best decision I’ve ever made.”

Helen (Springfield, Missouri)

Larry of Deadwood, South Dakota, could stay in his home after he was disabled. “This is a great comfort to my wife and me.”

Larry (Deadwood, South Dakota)
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