Limited time offer - Get a FREE Amazon Fire 7 Tablet, Wi-Fi, 16 GB when you enroll with Meditec.com*. Offer expires 4/30/2017. *Terms & Conditions Apply.
Resolving your debts through a reputable Debt Settlement company (like Freedom Debt Relief) does NOT damage your credit rating âlike a bankruptcy.â A bankruptcy will be listed and hold your credit score down for 10 years, while the delinquent payments incurred while enrolled a Debt Settlement program will be there for only 7 years (and in some ...
Participating in credit counseling does not affect credit scores directly. A good credit counseling organization will provide budgeting and financial management education, which will help you gain control of your credit and keep it under control in the future. Participation in such classes will not appear on your credit report. Only when a debt is repaid through a debt management plan will there be any indication of credit counseling on your credit report, and even then it might not impact your credit scores in any way. A debt management plan involves the credit counseling agency negotiating lower interest rates or reduced repayment amounts with your lenders.