---

DEBT MANAGEMENT CO HURT MY CREDIT?

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
drillboy1 Joined: 20 Aug 2008 Posts: 22 11.81 Dollars($)	Posted: Thu Feb 05, 2009 9:47 am    Post subject: DEBT MANAGEMENT CO HURT MY CREDIT? Like 0 Dislike 0 I know this question has been asked many times but I seem never to get a honest answer. I would like to someday refinance my house when my credit is higher. Is belonging to this company hurting me??
Caron Moderator Joined: 19 Jul 2005 Posts: 1519 Location: florida 281.04 Dollars($)	Posted: Fri Feb 06, 2009 4:40 am    Post subject: Like 0 Dislike 0 Well drillboy, the simple answer is debt managment doesn't hurt your credit. It won't prevent you from refinancing your mortgage. When you enroll for a debt management program with a credit counseling agency or debt mgmt company, the company negotiates with your creditors for a reduction in the rates and hence monthly payments. This is to make sure that you have no problems in paying off the debt. If you keep making on-time payments in debt mgmt program, your credit score would get better with time. You can get a detailed explanation of debt management program from "http://www.debtconsolidationcare.com/debt-management.html" . Good luck _________________ Mortgage Shopping made easy with booklet
msnover92571 Joined: 10 Feb 2009 Posts: 146 Location: California 0.45 Dollars($)	Posted: Sat Feb 28, 2009 6:48 pm    Post subject: Like 0 Dislike 0 It doesnt affect your credit score it just helps adjusting to what you can afford and pay ur bills off im a short term and for less money.

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0