What is the difference between debt management and credit repair?
Just as there are many unscrupulous credit repair organizations, there are also many unreliable debt management services. A debt management service offers a “systematic plan to repay debt,” in which you pay one monthly fee to an agency and they distribute the funds to your creditors. Although your debt will eventually be paid, it will still have a negative effect on your credit report as it will almost certainly state that you did in fact settle your accounts but did not pay them in full. Please remember that debt management companies are intended to help the consumer satisfy debt, but are not staffed with experts in the field of credit or legal professionals well versed in the laws protecting your consumer rights. Although it might be in your best interest to use the services of a debt management company, it is very important to understand the difference between the two. Please keep in mind that CRB offers a free consultation and will be more than happy to discuss your particular situ
