I am concerned about my credit. What will your settlement program do to my credit score?
Debt settlement varies from each persons credit situation. Credit card debt settlement is designed to get you out of debt. It is not designed to fix your credit. If you currently have a high credit score, debt settlement will have a negative effect on your credit. Often times clients of our credit card debt settlement program will have already been behind on their credit card debts. Their credit score will have already taken a big hit. Not paying your creditors will lower your credit score.
Your FICO credit score is based on your credit history which is 35% of your score and 30% of the amount you owe. In our credit card debt settlement program, your credit history will have a negative impact but the amount of the debt you owe will be affected positively. Our credit card debt settlement is designed to get you out of debt. Your credit score improving at the end is a bi-product.
