FAQ

[cs_content][cs_section parallax=”false” separator_top_type=”none” separator_top_height=”50px” separator_top_angle_point=”50″ separator_bottom_type=”none” separator_bottom_height=”50px” separator_bottom_angle_point=”50″ style=”margin: 0px;padding: 5px 0px;”][cs_row inner_container=”true” marginless_columns=”false” class=”cs-ta-center” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/1″ style=”padding: 0px;”][x_button size=”global” block=”false” circle=”true” icon_only=”false” href=”https://lendersoption.net/webinar-registration/” title=”” target=”” info=”none” info_place=”top” info_trigger=”hover” info_content=””][x_icon type=”area-chart” class=”mvn mln mrs”]Sign Up for our Webinar![/x_button][/cs_column][/cs_row][/cs_section][cs_section parallax=”false” separator_top_type=”none” separator_top_height=”50px” separator_top_angle_point=”50″ separator_bottom_type=”none” separator_bottom_height=”50px” separator_bottom_angle_point=”50″ style=”margin: 0px;padding: 5px 0px;”][cs_row inner_container=”true” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/1″ style=”padding: 0px;”][x_accordion][x_accordion_item title=”Q. What is Auto Loan Protection?” open=”true”]A risk management program applied by lenders on C and D tier loans. LOC purchases vehicles from lenders at pre-stated values that are higher than auctions or bids and provides a principal reduction payment to further reduce deficiency balances.[/x_accordion_item][x_accordion_item title=”Q. What are the benefits for lenders?” open=”true”]Loan Protection enables lenders to increase loan volume and finance income, and to improve the yield and profitability on auto loan portfolios by reducing losses from repossessed vehicles.[/x_accordion_item][x_accordion_item title=”Q. What are the benefits for borrowers?” open=”false”]Borrowers qualify for a lower interest rate, establish credit or improve existing credit, and benefit from reduced deficiency balances from repossessed vehicles.[/x_accordion_item][x_accordion_item title=”Q. How does Loan Protection increase the profitability of auto loan portfolios?” open=”false”]The program enables lenders to increase loan volume and finance income with a significant reduction of deficiency loan balances.[/x_accordion_item][/x_accordion][/cs_column][/cs_row][/cs_section][/cs_content]