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Mike Lee
11/8/2017 12:27:57 pm
Participating in a debt management program in order to consolidate your debt does not directly affect your credit score. A temporary note may be made on your credit report by your current creditors. This simply informs other creditors of your attempt to repay your debt and discourages them from issuing you any new accounts, lines of credit, or loans that may detract from your efforts. Once you have completed the program, this notation is required to be removed. In certain circumstances, when you enroll and either they or their creditors’ close credit accounts, you may may see a short-term drop in credit score partly due to a change in the ratio of current balance to available credit limit. However, this dip is quickly recovered because of on-time payments which lower debt owed.
Mike Lee
11/21/2017 03:03:06 pm
Community Credit Repair specializes in collection removal, collection deletion, charge off removal, bankruptcy removal, late payment removal, repossession removal, foreclosure removal, tax lien removal, judgment removal, and dispute code removal. These are permanent deletions from your credit report. Leave a Reply. |
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