Springleaf Financial Service Screwed by their so called insurance policie single credit life,single credit disability,involuntaryunemployment insurance Evansville, Indiana

I took out my first loan 8/19/2011 for 2,500. I put my van up for collateral. I was offered a 1,060 dollar loan in January which I took times were hard the company kept the van as collateral and stated every thing would stay the same the insurance I had been paying for since 9/15/2011 would not be changed!!!        When I took out the 1,060  on the old loan.  3/2/2012 I was fired from my job that I had been employed for 3 years. On monday I went to Stubeanville where the office was located to fill out the paper work for being unemployed. I was told O thats to bad but when you took out the extra money on the old loan it didn't roll over. They stated I would have to wait 30 days and if I receive unemployment take my paper work in to them have the company that terminated me fill out part of the paper work. They said they will just cancel my policy and apply it towards my loan! Are they really serious I thought haven't paid for the insurance gave me a safety net? I can not default on the loan or my only transportation gets reposed. So now what do I do the insurance company ripped me off On 1/27/2012 I was sent a letter stating what a wise choice I made!The letter is signed by A.Bruce Casteel  Insurance Compliance Services.