New PD Quick Cash Loans are Automatically Insured in the Event of a Covered Job Loss
Unexpected job loss can be a challenging experience, and for many, it may result in financial stress. Even after utilizing savings, borrowing money, selling assets, or seeking assistance from family and friends, more than one-third of households report they couldn’t cover expenses for more than a month if they lost their jobs. Nearly a quarter of Americans struggle to pay their monthly bills, even with a stable income.
To help our members navigate these financial uncertainties, People Driven Credit Union is proud to partner with QCash to provide TruStage(TM) Payment Guard Insurnace for PD Quick Cash Loans. This innovative insurance solution through TruStage™ is designed to provide PDCU members with financial stability during tough times.
What is Payment Guard Insurance?
Payment Guard Insurance is a first-of-its-kind coverage that helps protect your PD Quick Cash Loan in case of a covered job loss. This insurance provides a lump sum payment directly toward your loan balance, offering some financial relief when needed. Here’s how Payment Guard can benefit you:
Advantages of Payment Guard Insurance
1. Stability During Uncertainty
With Payment Guard, PD Quick Cash borrowers should feel more secure knowing they have a safety net. In the event of a covered job loss, Payment Guard will provide a lump sum payment of $500 toward the outstanding balance of your loan. If your loan balance is less than $500, you may still receive a payout to help offset the financial burden of unexpected unemployment. This coverage can provide relief, allowing you to focus on what matters most—finding your next job—without the added stress of immediate financial obligations.
2. Simple and Convenient Claims Process
Facing a job loss is stressful enough; filing a claim for your insurance coverage shouldn’t be. That’s why TruStage offers an easy and convenient online claims portal accessible anytime, day or night. This means you can file a claim quickly and easily without any hassle.
How Payment Guard Works
Payment Guard Insurance is automatically included with every PD Quick Cash loan. Here’s how it works:
- Automatic Coverage: Payment Guard Insurance automatically protects all PD Quick Cash loans funded after September 1, 2024, ensuring you have coverage in place from day one.
- Certificate of Insurance: Once your PD Quick Cash loan is funded, you will receive a Certificate of Insurance detailing your Payment Guard coverage, so you’ll know exactly what to expect.
- Straightforward Claims Filing: In the event of a job loss, you can file a claim directly through TruStage’s online claims portal. The straightforward process allows you to focus on your recovery rather than paperwork.
- Financial Relief: Once your claim is approved, a lump sum of $500 will be sent to People Driven Credit Union to be applied directly to the outstanding balance of your loan. Any excess funds will be credited to your account to help alleviate further financial hardship.
Why Choose PD Quick Cash?
In times of uncertainty, having a safety net can make all the difference. Payment Guard Insurance provides PDCU members with that essential protection against unforeseen financial challenges. Whether you’re dealing with an unexpected job loss or want to be prepared for the future, Payment Guard is here to help you stay on track.
If you’re a PDCU member, your financial well-being is our priority. With Payment Guard Insurance, you can rest easy knowing that you have a partner in your financial journey, ready to support you when you need it most.
Visit our PD Quick Cash webpage or contact one of our friendly representatives today to learn more about PD Quick Cash Loans and Payment Guard Insurance!
Contact Information:
People Driven Credit Union
24333 Lahser Rd
Southfield, MI 48033
844-700-PDCU (7328)
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TruStage™ Payment Guard Insurance is underwritten by CUMIS Specialty Insurance Company, Inc. CUMIS Specialty Insurance Company, our excess and surplus lines carrier, underwrites coverages that are not available in the admitted market. Product and features may vary and not be available in all states. Certain eligibility requirements, conditions, and exclusions may apply. Please refer to the Group Policy for a full explanation of the terms. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by any financial institution. Corporate Headquarters 5910 Mineral Point Road, Madison, WI 53705 © TruStage
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