Is it really important?

Discussion in Credit Insurance started by vida_llevares • May 2, 2013.

  1. vida_llevares

    vida_llevaresActive Member

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    Hi.

    Is credit insurance really importance? What are the potential implications if I don't get credit insurance?
     
    #1May 2, 2013
  2. Hedonologist

    HedonologistActive Member

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    Credit Insurance is used by businesses. Basically a situation can arise when one of your customers becomes insolvent. If they become insolvent and can't pay, the insurence firm will cover the losses, that is if you have taken out a credit insurance policy.
     
    #2Jan 8, 2014
  3. normanallison

    normanallisonNew Member

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    It can be very important especially if you relay on paying back using wages. Say if you want to pay with your wages and you lose your job or get sacked, the insurance can pay for you.
     
    #3Jan 8, 2014
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