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AnswerOnce you employ the use of a credit counselor a notation to that effect is made on your credit score. This, in itself, is a neutral notation and does not affect your credit score. It is the credit score which determines your credit worthiness but there are some creditors who will view this notation in a negative aspect. Most creditors will look only at the credit scores, but whether credit counseling helps or hurts your credit depends on how an individual creditor views credit counseling. AnswerIndirectly.

A credit counselor will work with you to help you reduce your debt and manage your financial life more effectively. Beware fly-by-night operations that scam people out of money under the guise of financial management.

Reducing your debt and maintaining financial control over your life will help your credit in the long run.

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โˆ™ 2010-01-06 04:56:06
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Q: Will using a credit counselor help or hurt your credit?
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