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

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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. Plus, VSI is also known as Lender’s Single Interest, or LSI. We’ll use them interchangeably. So many acronyms,…

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Collateral Protection Insurance Comparison: Traditional vs. Monthly Payment

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Collateral Protection Insurance (CPI) is a valuable tool for financial institutions, protecting them against loss of a borrower’s collateral. “But Joe, the borrower has insurance for that situation. What’s CPI do, then?” Great question. While the loan terms require the borrower purchase and maintain physical damage insurance, do they always…

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Concierge and Online Car Buying Services Comparison

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Car Buying Services: Concierge or Online, Still Necessary Tools! Yep. “Tool”. Let’s take a journey through America’s past. What can I say; I’m a history buff. Meet me during the California Gold Rush. ‘49ers (that’s 1849), as they were called, streamed out West with dreams of finding the golden “mother…

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