Company Information

Get to know Preferred Payment Plans LLC

Founded in 1989, Preferred Payment Plans has over 30 years of experience in the insurance premium financing industry. The company was acquired by SunTrust Bank in 1999 and now operates as a division of Truist Bank following the merger of SunTrust and BB&T. Its core mission is to offer straightforward and accessible financing solutions that allow individuals and businesses to pay for their insurance premiums in manageable installments rather than a single lump sum, thereby helping agents secure policies and clients manage their cash flow effectively.

Industry

Financial InsurancePRIMARY
Financial Other Service

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Preferred Payment Plans LLC

United States

Founded in

2012 (14 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.