Debt Protection

Paying off debt is easy enough when things are going well. But what happens when things go wrong? If you pass away, become disabled, or lose your job, who will pay your debt?

As a member of VSECU, you have access to some great tools that could make it easier than ever to safeguard your payment history and your assets by protecting your debt payments should the worst happen. Debt protection could cancel your balances or debt payments, up to the contract maximums.

If you are paying on a loan or credit card(s), debt protection could be a great way to protect yourself and your family from unexpected disaster. Because protection options differ for each individual member and loan, please contact a member service consultant at 802-371-5162 to find out which option is right for you.

Members With Debt Protection May Be Eligible For Benefits: If you purchased Debt Protection on a loan with us and are having financial issues due to a protected loss, please contact us to file a claim or discuss what benefits may be available. If elected, the protection may cancel your loan balance or monthly payment in the event of a protected event, like a disability or period of involuntary unemployment. Please contact us for more information including terms and conditions. As part of the same community, VSECU is committed to doing our part to keep us safe and sound throughout ongoing developments related to the coronavirus (COVID-19).

Your purchase of debt protection products is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative for a full explanation of the terms of the program. You may cancel the protection at any time. If you cancel protection within 30 days, you will receive a full refund of any fee paid. DP-3012633.1-0320-0422