*Our estimates are based on prior results, which will vary depending on your specific enrolled creditors and your individual program terms. Privacy policy Terms of Use Privacy Notice This can be a viable and more attractive option than bankruptcy. A debt relief program could help you resolve your debt faster and for less Obligations and to keep debt loads lower. The principal reduction that debt relief can provide can better positionĪ consumer to have a healthier credit score by improving their cash flow, enabling them to repay existing credit However, it can be argued that indebtedness is a more foundationalĬomponent as indebtedness is a factor in credit scores. Results vary depending on the credit history and credit behavior, but in general, developing a history of paying bills on time, living within your means, and only applying for credit that you need are behaviors that can help your credit score recover over time.Ĭredit scores are an integral part of one’s financial health. The typical debt settlement client experiences a reduction in their credit score in the first six months of the program followed by a steady rehabilitation in their credit score thereafter. Information to the CRAs) as well as your credit behavior while in the program. Your credit report can be affected by the settlements you experienced while in the program (including how creditors report the Report at the time of enrollment, and how the specific information found on your credit report changes while in the program. The impact a debt relief solution has to your credit score depends on the specific information found on your credit
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