ratio”. The question that must be asked is “Which is more important; getting out of debt, or protecting my credit?
Remember a lender looks at many factors to determine credit worthiness. The most important factor remains your debt-to-income ratio. If you eliminate your debt, your credit worthiness work with your creditors to settle your debt at a fraction of what you owe. Your debts are settled in an orderly manner as agreements are reached with each of your creditors. The program typically takes 18-36 months and is complete when all debts included in the program have been settled. improves dramatically.
