Will a Debt Management Plan have an effect on my credit rating?
Hello All,
Will a Debt Management Plan have an effect on my credit rating?
please share your opinion for my question.
Thanks in Advance.
It shouldn’t. After all, the Credit Agency’s WANT You- to pay your Debts off…-So they’re not going to penalize you for DOING something to make that Happen… 
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no. you are paying a fee to have someone tell you to pay your bills on time. it has nothing to do with your credit file. credit file is reveolving accounts, loans and court bankruptcies. that is all and when you pay on time you have no issue. when you are late or do not pay and go into default problem.
debt management is an other scam of the 2000s.
References :
It shouldn’t. After all, the Credit Agency’s WANT You- to pay your Debts off…-So they’re not going to penalize you for DOING something to make that Happen…
References :
Yes it will
Your credit report will reflect that you are enrolled in debt management.
You also cannot get credit while you are in the plan.
References :
Yes it will.
References :
Experienced debt manager.