Credit Default Insurance

Lack of car loan, cash paid by insurance against default of payment which has the title of the car?

The person or institution that paid the loan when you miss, ie, the insurance company that will sell the car at auction and charge you for the outstanding balance when they do.

You can also have a cover on your credit report for 7 years.

insurance against default of payment? never heard of such a thing. interesting.

If insurance has paid to the fund so that means the insurance company has eaten up all the money that was lost, then they have the title

Not you. Probably the company that had the original loan, namely the credit union. You don `t pay for it, they took the insurance they paid for insurance, they still own the car.

The person as "obtained" by repaying the debt.

I guess the fund