What Is CPI on a Car Loan? | Costs You Actually Pay
A CPI charge is lender-placed coverage added after an insurance lapse, and it can raise your monthly bill until you prove active coverage. You’re cruising along with your auto loan, then a new line pops up on your statement: “CPI,” “Collateral Protection,” or “Lender-Placed Insurance.” Your payment jumps. No warning bell inside your car. Just […]
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