Credit Protection

We’ve got you covered when life happens.

Stay protected with Mirastar.

Life can be unpredictable. This is why we offer debt protection, gap protection, depreciation protection, and mechanical breakdown insurance–so you’re covered when life throws you a curveball.

Protect yourself and your family with debt protection.

Debt protection is a simple, cost-effective way to cancel your loan balance or reduce your monthly payment if you become disabled, unemployed or pass away. It helps relieve the financial stress for you and your loved ones if life takes an unexpected turn.

Depending on the plan you select, our debt protection plan cancels your outstanding balance if you pass away or your monthly payments for a specified period if you become disabled or involuntary employed.

Loss of life: Cancels the outstanding loan balance up to a specified dollar amount.
Disability: Cancels up to a specific number of monthly payments.
Involuntary unemployment: Cancels up to a specific number of monthly payments.

All benefits are subject to plan specific maximums. Connect with your loan officer to learn more about specific coverage details.

Helps protect your credit rating so you don’t default on a loan
It’s convenient, the cost of coverage is included in your monthly payment
Reduces your financial risk so your family can focus on what matters most

You must meet the following to qualify for debt protection:

Under 70 years old
In the last two years, you haven’t been advised of, or treated for, or taken any medication for heart attack (or other heart disease or disorder), coronary artery disease, cancer, stroke, cirrhosis, AIDs, or had a positive HIV test
Presently working 25 hours or more per week
Not self-employed

A few key points of debt protection.

This is entirely optional coverage, and it won’t affect your application for credit
You can cancel anytime. If you cancel within 30 days, any fees paid will be refunded
Involuntary unemployment that occurs within 90 days after enrollment will not be covered
Coverage details, benefit maximums and exclusions are outlined in the sample
addendum (PDF)

You might also be interested in:

Credit Cards

As a Mirastar member you have the option of choosing a Secured Visa, Visa Platinum or Visa Platinum Rewards. Each card has its benefits, including no annual fees. We’ll help you find the one that fits your current needs while helping you reach your future goals.

Learn more

Personal Loans & Lines

Have an unexpected expense, need extra funds or going through a special life event? We understand life doesn’t always go according to plan, which is why our personal loans or personal line of credit exist for our members.

Learn more

Mirastar is here for you.

Open a free checking account with Mirastar and enjoy all the perks of being a member.

Open an account Not a member yet? Join Mirastar.

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