Payment Protection

What is Payment Protection? 

Payment Protection is an optional add-on you can purchase with your Union Square loan. It helps protect you from the financial stress of missed payments in the event of a covered, unexpected life event.

How does Payment Protection Work? 

If a covered life event happens to you (and you're a protected borrower or co-borrower on the loan), Union Square will cancel or reduce repayment of your loan debt. 

Protected life events include: 

• Loss of life
• Disability
• Involuntary Unemployment

Help lessen your worries, and your family’s worries, about paying loans during a time when your income may be reduced or lost.

Visit a branch or contact us to learn how to protect your loans today!