Will enrolling into a debt resolution program affect my credit?

By not making your minimum monthly payments to your creditors, you are breaking the terms of your agreement and most likely will be reported to consumer reporting agencies as a delinquent account. This is the case whether you are currently enrolled in a debt resolution program or not. Upon enrolling in a debt resolution program, your credit score will probably get worse before it gets better; however, this may be a better alternative and not having to file for bankruptcy!

Once we have settled your debts, you should receive a certificate from your creditors stating paid to the satisfaction with a zero balance owed. However, it is important to remember that if you want to maintain a “good credit rating”, you need to pay your bills on time; anything else will cause your credit score to suffer.

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