Credit Insurance – Yes or No?
Nowadays, there are not only healthcare insurance but loan insurance as well. In practice, credit institutions are extremely reluctant to provide loans without insurance. Therefore, there is a share of truth in the statement about the prerequisite – if you agree to take out insurance, the likelihood of approving an application for a loan increases significantly. Credit organizations are interested in reducing the risk of default on their money, so they make every effort for this. Indeed, in the event…