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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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Related questions

Is eliminating a credit card bad for your credit?

Yes. Eliminating a card will hurt your credit, not help it. If you have to get rid of a card, cut it up and stop using it, but don't cancel it.

Does your debt hurt?

Debt can help or hurt you when applying for credit.

Do joint credit card help both credit scores?

Yes but it will also hurt both credit scores if the payments are not on time.

When should you close unused credit cards and will this hurt or help your credit score?

Usually closing accounts will hurt your score because if you have debt on other cards, your debt to available credit ratio will rise and it can ding your credit score.

Does it hurt your credit if a credit card company closes your acouunt because you aren't using the credit card?

No. It will show on a credit report as an account closed due to inactivity. It has no effect on your credit score.

Should a pathological liar see a counselor or a psychiatrist?

Couldn't hurt, might help. One thing's for sure, anyone who stays with one needs help.

Will credit counseling hurt your credit?

Credit Counseling evaluates your credit in the way of finding the good ways and bad ways. By doing this you can improve your credit. Credit counseling help doing what needs to be done.

Do student credit cards help college students build up their credit and prepare for their future?

Yes and no, as all credit cards will help build their credit score but at the same time if they do not pay their credit bills it can hurt their credit score and diminish the amount of credit that banks will allow them. So, if they pay on time then yes it can help them build credit and prepare them for their future.

Why can't I get rid of hurt that in turn leads to anger?

If you are continuing to feel a hurt over and over, and it leads to anger, then you have not properly dealt with the cause of the hurt. A professional counselor can help you work through the steps to heal for good.

Can keeping inactive credit cards hurt your credit rating?

It can, just because there are a lot of credit lines open, and so your potential debt is higher. If you really aren't using a credit card, it is better to cancel it. However, in terms of things that hurt your credit rating, having an inactive card is relatively low.

Does canceling a debit card account hurt your credit rating?

No, you're using your own money.

Does a credit card help your credit?

A credit card can help your credit score improve if you pay it on time. Over time it will show you have a good payment history and it can also diversify your credit if you have other types of credit accounts. Keeping a low balance will also help your debt to limit ratio. It will only hurt your credit if you max it out and don't pay it on time.

Who would you go to if you hurt yourself in school?

if you got hurt- then the nurse. if you hurt yourself or are having any outside issues- the counselor?

Will bill consolidation hurt your credit score?

If you are not able to pay your many student loans, your credit score will be hurt. If you consolidate, you have a better chance of having a lower monthly payment that you can handle. A lower score that you will be able to pay, which in turn will only help your credit score.

Does it hurt my credit to close a savings account?

no. You will hurt your credit when you close an open line of credit.

Does debit consolidation hurt your credit?

{| |- | There is a chance that using debt consolidation services might affect your credit. Some debt management programs, like credit counseling, show up on your credit report. Some solutions, like debt settlement, don't show up on your credit report, but by definition cause late payments. Most debt consolidation services are there to help you get out of debt, not to sustain your credit report or credit score, so you should priorotize what you really want in seeking debt consolidation help. |}

Will voluntary car reposesion hurt your credit?

if i let my vehicle get reposesed will it hurt my credit?

Does it hurt your credit to take out a second mortgage?

Taking out a second mortgage can affect your credit score, but it depends on how much of your available credit you are using. Like with a credit card, people who are closer to their borrowing limit are less favorable to banks than people with a lot of credit available.

Does an auto loan rewrite hurt your credit?

I think yes....the auto loan rewrite can hurt your credit

Does applying for school loans hurt your credit?

It should not hurt your credit score unless you don't pay.

How does a company running a credit report hurt your credit score?

Too many inquires on your credit report can hurt your score since it may appear that you are applying for too much credit at once.

How can credit cards help a consumer to build credit?

They help build credit if you charge something and then pay if off without leaving a balance. When part of the balance is left unpaid if hurts your credit, and if it is done month after month and you start to have a high balance, if really starts to hurt your credit. The best thing to do is pay your bill off every month and your credit score will increase.

Does an open unused line of credit hurt or help your credit score?

Open positive accounts with 0 balance is always good especially when they age, just leave it open.

Should I get several credit cards?

Having a large credit limit can help your score but do not apply for several cards at the same time. Doing so can hurt your score and make you unable to get any new credit offers.

Does bankruptsy hurt your credit score?

OF Course it does! IF you just got bankrupt it does hurt your credit score really badly!