Worried About Debt? You're Not Alone
Check my relief options No, enrolling in a debt relief program typically does not hurt your credit directly. However, it may have an indirect impact depending on the specific program:
Debt Settlement: May lower your credit score temporarily if you stop making payments to negotiate a lower balance.
Debt Consolidation: If you take out a loan, your credit may dip slightly due to a hard inquiry, but making on-time payments can improve your score over time.
Credit Counseling: Usually has little to no impact on your credit, as it helps you manage payments more effectively.
In the long run, successfully managing your debt can improve your credit score by reducing your overall debt burden. Would you like more details on how your credit may be affected? 😊
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