Most client credit is already being negatively impacted by poor payment history and amounts owed, which are the two largest factors that make up a credit score. Whether your credit is maxed out or you have a high debt-to-credit or debt-to-income ratio, chances are that your score is on the low end.
Our goal is to help you resolve your debt quickly, so that you can start building a brighter financial future (including a more positive credit score) as soon as possible. Everyone’s specific credit situation is different, but in general, enrolling in any debt resolution program could impact your credit score. In the short term, the impact could be negative. Higher credit scores tend to fall further than lower credit scores, which can seem like a terrifying prospect at first, especially for those who aren’t prepared for a drop in their score.
The good news is that, while you may take one step back with your credit score, you’ll take five steps forward with resolving debt. In the long term, the credit effect could be much more positive; once your debts are resolved, you can practice positive credit behavior to build your credit score back up over time.