What is Credit Protection?
Credit protection is a broad term that is used to cover services that are designed to help maintain credit health for individuals and business entities. As part of the coverage provided by credit protection services, private and commercial customers may enjoy benefits such as tools to prevent identity theft, quickly cancel lost or stolen credit cards, or alert the customer of any new and negative items that appear on a credit report. Essentially, the credit protection seeks to identify and effectively deal with any factor that could have an adverse impact on the credit score of the customer. Along with protecting the identity and reducing the potential for unauthorized use of credit cards, credit protection is also often included as part of the coverage for most types of loans, including mortgages. The idea behind the inclusion of optional credit protection is to provide the ability to secure a deferment for a given period of time in the event of an unforeseen emergency. For example, t
