Debt Protection

Big or small, a loan can be a helpful tool to connect you with the resources you need. But, it is also a significant financial commitment. Because life is unpredictable Align offers two different types of products to protect you and your family.

 

Debt Protection*

What it Protects: Auto Loans, Credit Cards, Unsecured Overdraft Lines of Credit

No matter how carefully you plan, you never know when life may take an unexpected turn. This voluntary loan payment protection product could help protect your finances by cancelling your loan balance or payments when a protected disability, loss of life or involuntary unemployment event happens.

Guaranteed Asset Protection (GAP) Plus**

What it Protects: Auto Loans

Your car could depreciate by thousands of dollars as soon as you drive it off the lot.  If your vehicle is stolen, accidentally damaged beyond repair or declared a total loss, you are still liable to pay the difference. GAP Plus is available on all Align auto loans and helps you get into your next vehicle by reducing your next loan by up to $1,000.

Contact our Loan Department at 800-942-9575 to learn more about our Debt Protection options and what makes sense for you. 

*Your purchase of Debt Protection is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of Debt Protection. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.

**Your purchase of MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP) Plus is optional and will not affect your application for credit or the terms of any credit agreement you have with Us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the contract before you are required to pay for GAP Plus. You should carefully read the contract for a full explanation of the terms. If you choose GAP Plus, adding the GAP Plus fee to your loan amount will increase the cost of GAP Plus. You may cancel GAP Plus at any time. If you cancel GAP Plus within 90 days you will receive a full refund of any fee paid. 
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