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Debt Counseling Credit Score

Posted on March 19, 2010 at 1:07 am
how does debt counseling impact the credit score ?

Good To Me Rep Points:
Posted on March 19, 2010 at 1:18 am
how does debt counseling impact the credit score ?-- Well it depends on what type of debt counseling ... and it's a bit confusing how it affects the credit score -it does affect the whole credit report though.

justincase Rep Points:
Posted on March 19, 2010 at 1:57 am
debt counseling - credit score - debt settlement - before you enter the debt settlement program your FICO score is probably already suffering - especially the Amount Owed and Payment History segments - so a graduation from the program would only improve them.
Posted on March 19, 2010 at 3:07 am
debt counseling and credit score - Just to add to justincase's post : here's a look at yourFICO score: -35% Payment History//- 30% Amount Owed//-15% Length of Credit History//-10% New Credit//-10% Types of Credit Used
Posted on March 19, 2010 at 3:10 am
I see..but what do you mean by what type of debt counseling coz you justsaid debt settlement?

Revived Paths Rep Points:
Posted on March 19, 2010 at 4:35 am
Professional debt counseling for unsecured debts can be classified into two:Credit Counseling (for debts less than $10k, accounts current) and Debt Settlement(for debts $10k and higher, accounts past due)
Posted on March 19, 2010 at 5:27 am
Right, so if you're looking for either a credit counseling agency or a debt settlement company - look here: cc agency - http://www.justice.gov/ust/eo/bapcpa/ccde/cc_approved.htm debt settlement company - http://www.tascsite.org/index.cfm?event=Members

debtreliefnw Rep Points:
Posted on May 19, 2010 at 3:22 am
It depends on type of debt counseling.