VSI or CPI: Which is Best for Your Financial Institution?

Balance Scale

Editor’s Note: Vendor’s Single Interest and Collateral Protection Insurance are both really long terms. For brevity, we’ll be referring to them as VSI and CPI throughout the article, except in certain headers. CPI & VSI: Insurances to Protect Lender  Lenders like you strive to reduce risk. When a loan is…

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What is Collateral Protection Insurance (CPI)?

Umbrella Protecting Money

Got Uninsured Collateral? Here’s Your Solution. Hey, you booked an auto loan! That’s wonderful. I bet your financial institution requires insurance on this asset. And your loan agreement states it must be secured and maintained for the life of the loan, right? Why? Because the car is also the collateral….

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