Will Credit Counseling Hurt My Credit?
When facing debt challenges you will see most authoritative organizations such as the Better Business Bureau, the Federal Government and other consumer protection organizations, recommend credit counseling. Seeking a professional and trustworthy credit counseling company is an important part in taking control of your financial future and debt challenges.
According to FICO®, your credit score will not be negatively effected by speaking to or receiving credit counseling. However, it is the actions the credit counselor recommends which can either positively or negatively effect your credit score. For example, if you are instructed to make incomplete payments, delay payments or “settle” your debt, this may regarded NEGATIVELY by the FICO® scoring model and could hurt your credit score. Learn more by watching the video below.
Listen To What FICO® Says About
Credit Counseling & Your Credit Score
Credit Counselors Corporation has helped 1000′s of people save over $400,000,000 in credit card interest payments. We diligently work with our clients to find the path to eliminate their debt, through a responsible approach to debt management. We are “pre-approved” to work with YOUR creditors to reduce your interest payments, pay off your debt faster and help you chart the path for your financial future.
You will never be instructed by our counselors to “not” pay your debts, to attempt to “settle” your debt or delay payments, all practices which can have a negative impact on your credit score. Call Credit Counselors Corporation today, to learn more about your options and find the best solution for your needs.