How It Works

Debt Settlement is a financial program that helps those who are struggling or in a financial hardship resolve their debts so that they can have a new financial beginning.

See Your Savings

See how much you can save by speaking with one of our debt experts.

Enroll into Program

Resolve your enrolled debts in 24-48 Months* through our debt resolution program.

Get Relief

Get your financial freedom back and have a new financial beginning.

About Us

Why Choose Vercy Debt Relief?

Vercy Debt Relief helps people get out of debt for less than what they owe. With over a decade of professional consumer debt relief experience, we will help you pay off debt stress–free!

Get a free consultation today to find out how we can help you pay off your debts and achieve financial stability as quickly as possible!

Debt Settlement Can Help You Achieve Financial Stability If You:

Have unexpected medical bills

Have overwhelming monthly credit card and loan repayments

Want to get back on track financially

Cannot afford to pay off your debt

Want financial freedom

Need a fresh start

Testimonials

  • Vercy Debt Relief has helped me immensely! I am a senior citizen who got in over their head and then ended up on their own and having a whole different life than I had before. They have been a lifesaver for me. They are always courteous and helpful.
    Linda F
  • Not only has Vercy Debt Relief helped me reduce the amount of money I owed, it also helped me get my debt in control and learn to manage my money better. I'm grateful for their help and their kind & friendly staff.
    Freddy D
  • I was not too sure if I was making the right choice by trusting Vercy Debt Relief but a week ago I got my first settlement and I feel relief. Trusting this company has made by life a better! I can breath again knowing that they are working hard to settle my debt faster and with better payments.
    Heidi L

Years of Helping Customers Achieve Financial Stability

Say Goodbye to Your Debt with
Industry-Leading Debt Relief and Financial Planning

When credit card accounts start to reach their limits, your chances of the credit card companies charging you over-the-limit fees, higher interest rates, and late fees increase as well. If one doesn’t pay off debt faster, the credit card companies exercise their full power to heap on fees and interest, making you even more trapped in a downward financial spiral.

Thankfully, the debt relief pros at Vercy are equipped with a wealth of knowledge and experience. Our team is wholeheartedly committed to giving our clients industry-leading service that produces unmatched results. We have helped thousands of customers achieve financial stability by dealing with debts for less than they owe and offering debt solutions. We look forward to helping you as well!

Answers To Your Questions

1What Are Your Options For Debt Relief?

Is getting debt help to alleviate your financial stress constantly on your mind? When a debt collection agency or a creditor calls all day long every day, it’s hard to forget your debt burdens, and finding debt relief options is all you can think about.

Fortunately, there are a handful of different options for getting debt relief so you can move on with your life. That said, not everyone qualifies for each kind of help.

So what are the various options and qualifications for getting debt help? And, what types of debt relief services are available for people who’ve fallen behind on their debts so badly that they can’t get ahead no matter what they try?

We will begin with an overview of debt relief methods and how each works so you can understand what options might be available to you.

2Is Getting Debt Help Right For Me?

Whether or not debt help is your best option depends on your financial circumstances and the type of debt relief you’re seeking.

If your financial situation is so terrible that you can’t even meet your basic living expenses, let alone pay off your debts, debt settlement might not be your best option.

Generally, even very generous debt settlement plans will require paying 25% of the total debt owed, so some discretionary income is necessary to go the debt settlement route.

Chapter 7 bankruptcy might be an option for those without prospects of increased income and just need a fresh start financially. Keep in mind that filing for bankruptcy can drag down your credit for up to ten years, so you should avoid this option if at all possible.

If you’re unsure what route to go, the debt help specialists at Vercy Debt Relief are waiting for your call to guide you down the path that’s best for your future.

3Common Options for Debt Help
  • Create a strict budget to squeeze out extra money to pay more than your monthly payments each month to reduce the debt.
  • If your credit is still relatively good and you just need better terms to pay down credit cards, assistance from a credit counseling agency may be an option or you can try saving money just in case.
  • Taking out a debt consolidation loan can provide one payment each month with a lower, simple interest rate instead of the high revolving interest of credit cards.
  • Working out a debt settlement through Vercy Debt Relief can reduce balances, interest charges, and fees, along with creditors agreeing to a reduced paydown schedule, lower your interest rates, and no more collection calls.
  • Filing for Chapter 7 bankruptcy can wipe debts clean, but with the negative side effect of severely limiting your credit access for up to ten years.
4Does Getting Debt Help Affect Your Credit?

Depending on the type of help you get, your credit could be affected. Chapter 7 bankruptcy can harm your credit for up to ten years, and debt settlement can cause temporary drops in your credit score while you’re paying the plan down.

Before seeking help, make sure you’ve first established a strict budget to ensure your finances are efficient. If you still can’t get your personal debts paid down, seeking new credit is probably not a wise decision, so getting debt help can be the priority over credit score as a long-term strategy.

5What Are The Qualifications For Debt Help?

If your best option is debt settlement, you’ll need to make regular payments into a settlement savings fund, which will be used as leverage in the negotiating process and later to pay your creditors. This payment is usually lower each month than the current combined amount of debt payments, so your total monthly payments could be reduced overall, giving you a stronger chance of financial success and maintaining on-time payments.

6Is It True That Creditors Forgive Debt After Seven Years?

While it is true that debts will fall off credit reports after seven years, they haven’t technically been “forgiven” by your creditors. Compare that to personal bankruptcy, which can remain on credit reports for up to ten years.

Fortunately, positive records remain on your credit report indefinitely, so it’s possible to reestablish a clean one with time.

7Can You Go To Jail For Unpaid Debt?

Thankfully, debtor prisons don’t exist in the United States, so you can’t be sent to jail for simply not paying your credit cards. Usually, when you can’t make your credit card payments, your creditors will sell the debt to a collection agency at a deep discount.

If left unpaid long enough, the debt will eventually be written off and removed from your credit report. Keep in mind, this takes years, so it’s not a wise plan if you’re trying to re-establish your credit quickly.

8What If I Just Ignore Debt Collectors?

A risk of ignoring debt collectors is that they could take legal action against you. If courts award a judgment against you, collectors could enforce a wage garnishment, resulting in a significantly reduced paycheck until the debt has been paid off. Collectors could also be granted the ability to levy your bank accounts. If collectors threaten legal action, it’s wise to get help from a certified credit counselor like the ones at Vercy Debt Relief. Call today if you’ve had legal action threatened against you.

9Can I Legally Stop Paying My Credit Cards?

There are undoubtedly negative legal consequences for not paying for your credit cards. The fact is, if you stop paying your credit cards altogether, the companies can take legal action that may result in wage garnishments or bank levies. So while you may not be sent to jail, your finances can be negatively impacted to a severe extent if you don’t pay your credit cards.

10Do Credit Card Companies Ever Forgive Debt?

A credit card company almost never forgives credit card balances entirely, but sometimes lowers interest rates, especially if you haven’t paid them in a while and the debt hasn’t yet been sent to a collection agency. In these cases, debt help from a credit card debt relief company like Vercy Debt Relief can help you get a settlement with the most significant balance reduction possible.

11What Does It Take To Qualify For A Debt Consolidation Loan?

The downside to debt consolidation loans is you will need to have relatively good credit to get loan terms that make sense. This isn’t very helpful for those who have bad credit scores due to high-balance credit card debt. Lower scores mean higher interest rates, which may or may be worth it long-term.

12Medical Debt Help

What about if you’ve accumulated debt because of unexpected medical bills you can’t pay?
After major medical procedures and hospital stays, it’s common to wind up receiving unexpected medical bills that are confusing to understand whether or not insurance will pay. People often have no clue what the medical bill is even for or if they are supposed to pay it.

When these medical bills go unpaid, they get turned over to collection agencies and are added to the person’s credit report, wreaking havoc on their finances. If you’re facing massive medical debts, it may feel like there’s no escape.

Vercy Debt Relief helps clients with medical debt help every day by negotiating down their medical debts, getting them the financial relief they need.

Help with ending harassing calls from medical debt collection agencies is just a call away. Contact the medical debt settlement experts at Vercy Debt Relief today.

13Can You Settle Medical Debt?

Medical debt collectors can create major financial headaches and hamper your long-term plans. When medical debt is added to your credit report, your credit score can drop, making it harder to get loans at reasonable rates, along with limiting your borrowing options.

It’s critical to avoid medical debt collection accounts on your credit report because it’s not uncommon for them to be sold often, leaving a trail of multiple negative accounts.

Medical debt settlement can alleviate your financial burden by negotiating a lower lump-sum payoff to wipe your credit report clean of medical collection accounts.

Vercy Debt Relief offers medical debt settlement programs that put an expert negotiator on your side to settle your medical debt with the greatest possible balance reduction, maximizing your financial relief.

14Will medical collection agencies negotiate debt?

While nothing legally mandates that medical debt collectors negotiate to reduce the debt accounts they purchase from medical offices and hospitals, they are usually happy to collect some payment rather than none.

Vercy Debt Relief has expertise in negotiating with major medical debt collection agencies, so rest assured we will negotiate the best possible deal.

Give us a call today and get expert medical debt negotiators working for you.

15Getting Medical Debt Help From Vercy Debt Relief

Through a debt settlement program from Vercy Debt Relief, medical debt reductions can be significant. Because medical debt collectors buy their accounts for pennies on the dollar, there‘s much room for negotiating the debt down.

Vercy Debt Relief has seasoned professional negotiators who work daily with medical debt collectors to settle our clients’ medical debts for the lowest amount possible.

Call our team today and get your free consultation about medical debt settlement as a financial solution for your future.

16Are There Disadvantages To Debt Management Plans?

While debt management programs can help you get considerable reductions in debt balances and better repayment terms, they aren’t perfect. Disadvantages of seeking debt help with settlements include:

  • You must still repay debts — they aren’t totally wiped clean.
  • Your creditors don’t have to participate, and some may try to demand immediate repayment of the entire debt.
  • Not all debt qualifies for settlement, such as secured debt like home loans and car loans. Not paying these accounts could result in foreclosure or repossession of the underlying assets.
17Can I Negotiate My Debt On My Own?

It’s possible to negotiate directly with credit card companies. Sometimes you can convince creditors and collection agencies to remove some of your late fees and interest charges if you’re struggling to make ends meet. However, Vercy Debt Relief staff of experts will be contacting your creditors daily to give them key insights into the most effective strategies for getting reductions of balances.

Still not sure which form of debt help is right for you financially? Vercy Debt Relief has debt help specialists who are ready to help you discover which kind you may qualify for, along with the pros and cons of each option. So call us today to alleviate your stress and get your financial life back on track.