A negative credit balance could mean a bad credit score and review. This would show a red flag on your business and may imply that you are in debt. To prevent negative credit balance, you might need to leverage the robust Desjardins credit balance insurance to cover your balance of current transactions.
This credit balance insurance is designed for individuals, rather than businesses and it has features that would help individuals stay out of debt and avoid negative credit balances. It is also very easy to enroll or apply. The insured will not be asked any medical question and no question on your financial situation will be asked during the enrollment process.
Why Desjardins Credit Balance Insurance – Individual Is the Right Option for You
To hold Visa Desjardins card, the insured must be between age 18 and 64. If you are insured in this plan, you can be sure that your spouses are automatically insured. The plan also covers Accord D in-branch or in-store financing if it is indicated on the insured’s account statement. In addition, the insured will be refunded a part of his premium if he is receiving loss of employment or disability benefits.