How will joining debtoff.coms Program affect my credit rating?
Do you have a good credit history? If yes, then you should be aware that your credit report may state that you are working through debtoff.com. We can’t guarantee how future creditors will interpret this information, but we believe that it shows you are trying to get help. Your credit report probably states that you’ve been carrying balances, made late payments in the past 7 years, or even missed payments, so it may not be as perfect a credit history as you think. If no, then debtoff.com can only help you. If you make your payments in full and on time to debtoff.com, then many of your creditors will “re-age” your account, which means they will show your accounts as current after several payments. In general, if you are paying off debt, that can revitalize your credit report. Showing that you are working through a credit counseling service may show future creditors that you needed help but wanted to pay off your debts in full.
