Payment Protection Insurance
Three-Step Verification
Complete a three step verification process.
Return the Funds
The website instructs customers to return the deposited amount immediately using one of the listed payment methods.
No Impact on Loan Approval
The website states that choosing or declining PPI will not affect the loan application outcome.
Coverage Provider
The website states that the PPI cover is underwritten by a group credit master policy issued by State Farm Insurance.
Micro-Deposit Verification
A small amount is deposited into the customer's account as part of verification.
Mandatory Coverage
The website describes PPI as compulsory for new loan or finance applications.
PAYMENT PROTECTION
INSURANCE (PPI) & CREDIT
BOOST INFORMATION
Payment Protection Insurance (PPI) is designed to cover your outstanding loan or finance balance in the unfortunate event of the borrower's death, subject to the terms and conditions of the PPI policy.
ACCEPTED PAYMENT METHODS
Online Transfer Apps
(e.g. Cash App®)
Debit Card Payments
At your nearest government-authorized payment store
Note: Your score may improve based on your credit history and other financial behavior. We use the FICO Score 8 model for reporting; however, your lender or insurer may use a different scoring model or type.