How will the debt reduction program affect my credit report? If so, will it be affected?
Your credit report is going to show a history of late payments until a settlement is paid. For instance, your smallest creditor should be settled in about six months. That’s about how long you’ll show a history of late payments. As we negotiate and settle each of your debts, your credit report is going to show that they have been settled and have a balance of zero. Whenever you apply for credit after completing our program, creditors are going to look at your credit report to see if you took care of your debts. When you complete our program, you will be able to answer “Yes, I took care of my debts.” Remember we want to pay your creditors just as badly as you do. Anything you do to get out of debt; short of paying to full amount upfront, will have a negative affect on your credit.
