How will the Debt Resolution Program affect my credit report?
In most cases a client’s credit report is already negative prior to enrollment. Non-payment of the monthly payments to creditors will be reported by creditors to the major credit reporting bureaus. The settlement organization strives to manage the reporting of each settled account as “Paid as agreed” or “Settled”. A positive credit reporting is negotiated when possible. Your credit score improves as debts are settled.
