Can debt management plans affect my credit?
March 24, 2022
In contrast to debt settlement, debt management can actually improve your credit scores. Though applying a debt management plan doesn’t impact your credit score directly. Your debt payments are regularized through an organized channel. Overall, debts are significantly reduced over time and paid off substantially faster. Timely payments, changes in utilization rate, closed accounts, and […]
In contrast to debt settlement, debt management can actually improve your credit scores. Though applying a debt management plan doesn’t impact your credit score directly. Your debt payments are regularized through an organized channel. Overall, debts are significantly reduced over time and paid off substantially faster. Timely payments, changes in utilization rate, closed accounts, and smaller amounts owed – these factors can affect your credit score in both positive and negative ways.