Due to the elevated risk associated with lending to individuals with poor credit histories, we require approved applicants to obtain an insurance policy as a condition for loan disbursement. This policy serves as collateral, ensuring that in the event of default, the loan is secured through the benefits of the insurance policy.
All approved borrowers must secure an insurance policy before loan funds are released.
Borrowers may select an insurance provider from our partnered list or choose any licensed insurer that meets our criteria.
The insurance policy must be assigned to Loans4Blacklisted as collateral for the loan.
Canceling the insurance policy without prior consent from Loans4Blacklisted will constitute a breach of the loan agreement, and the outstanding loan amount may become immediately due.
All terms, conditions, and costs associated with both the loan and the insurance policy will be clearly communicated before any agreements are finalized.
While the insurance policy is a requirement for loan approval under this program, you have the freedom to choose your insurance provider.
The insurance policy not only secures the loan but also offers you and your loved ones financial protection in unforeseen circumstances.
Note: These terms are subject to change. Please review them regularly for updates.