Sza
Contributor
When will my debt protection be applied to my principal? I have cancel my debt protection plan and I was told it would be applied to my loan as payoff

1 REPLY

Hello @Sza, the monthly payment amount you were paying for coverage will be applied to your principal balance instead, which may result in an earlier payoff of your loan. Loan payments are not re-amortized upon termination of the coverage. If you have any other questions please call 800-531-8722 and speak to a loan specialist. Thanks! -Colleen