Payment Protection Insurance (PPI) covers your outstanding loan or finance in the event of unforeseen circumstances related to the borrower’s death, subject to the PPI terms and conditions. This coverage is compulsory for new loans, and you must apply for it. Your decision to take up PPI coverage does not affect your Personal Loan or Finance application.
The PPI cover is provided by the Guernsey Financial Services Commission, which has no liability regarding this benefit. The Terms and Conditions below summarize the principal provisions of the Master Policy of Group Credit issued by the Guernsey Financial Services Commission. We request that you review the cover details thoroughly to understand the extent and terms of the coverage offered.
Credit Boost is an easy way for you to take control of your credit and build long-term credit health through a simple three-step verification process. When we connect your file to Boost, we’ll deposit a small verification amount into your account before providing you with the loan. You will need to send this amount back to us immediately. We will then submit this report to the credit bureau, which can positively impact your credit history and potentially raise your FICO® Score
Payment can be made back to us through an online transfer app (such as Cash App®) or by using your debit card at any authorized government store.
Please note that the FICO® Score 8 model is used here. Your lender or insurer may use a different FICO® Score model or another type of credit score altogether.