Will Debt Relief Affect My Credit Rating? If So, How?
Debt Repair / Debt Consolidation
Aplus Legal Advice | 2022.08.26 19:26 | 780 views
Debt relief will affect an individual’s credit rating. It is important to note that the more debt an individual has, the lower their credit score is likely to be. While debt relief can negatively affect an individual’s credit rating in the short-term, it is important to note that a person’s credit rating would almost always be much lower by holding on to their debt than by using the resources available within debt relief programs.
