Creditor

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Creditor Placed Auto single interest or dual interest credit insurance that is purchased unilaterally by the creditor, who is the named insured, subsequent to the date of the credit transaction, providing coverage against loss to property that would either impair a creditor's interest or adversely affect the value of collateral on automobiles, boats, or other vehicles. What is Creditor, What does mean Creditor, Insurance Guide, Insurance Glossary

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