According to experts, if your account(s) are already delinquent, then settling debts should improve your credit score. How? Because it shows that the accounts have been resolved.
On the other hand, if you are not behind on payments and your account(s) are not delinquent, your credit score will take a hit, i.e. debt settlement will have a negative impact on your credit score during the settlement program as your account become delinquent. They then should improve as each account is settled.
For more on debt settlement visit http://www.debtsolution-strategies.com/debtsettlement.htm
Thursday, January 27, 2011
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