Blanket Vendor Single Interest Insurance (VSI), sometimes called Blanket Single Interest is an insurance product that has proven its value-proposition to automobile financers since 1972. The benefit to the lender is a reduction of net charge-offs from 7% to 17%. The lender is reimbursed when a delinquent borrower’s collateral is repossessed and there is either uninsured physical damage or the collateral is unrecoverable (skip).
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You can transfer this risk.....
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To Download a VSI Application please click Here. |
