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AnswerWhen you are undergoing credit counseling, some of your creditors may contact the credit bureaus and put a notation on your credit card report signifying you are going through credit counseling. This notation is neutral and does not affect your credit score in any way. Once you finish the credit counseling, this notation is removed from your credit report. Answeryes it does show up. also just a pointer when you go to geta loan and a banker or a loan officer looks at it it is a very bad thing to have it on your credit report. we lokk at it and see it as you can not mannage money well so why would we want to loan you money.
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15y ago

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Will debt counseling hurt your credit?

Getting debt counseling is a good thing and shows your willingness to take care of your debt in a responsible way. If you are undergoing debt counseling, a notation to that effect may be appear on your credit report. This does not affect your credit score but how each creditor views this notation, differs from creditor to creditor. While it may seem unfair, there are some creditors who view debt counseling as a negative to your credit worthiness. In their view, the fact that you are in an unmanageable debt situation is not a good sign, unless you can convince them otherwise. So the reality is debt counseling may hurt your credit, depending on the subjectivity of the creditor.AnswerDebt counseling will never hurt your credit, since it is an educational activity. If you choose to enroll in a debt management program, that does not hurt your credit either. What could hurt your credit is closing any accounts that have substantial available credit. Other than that, your credit generally improves over the life of the debt management program.


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.


Is there a credit counseling program that won't ruin your credit score?

Their are several credit improvement programs available online for free. You dont have to report credit counseling services so it shouln't affect your credit score.


Does Getting your own credit report hurt you?

Every time the credit report is accessed, it is lowered slightly.


When the note about having to use credit counseling ever get removed on credit report?

for a contraction like there is there's


Does it hurt your credit score when you have a credit report service that allows you to check your credit score as much as you want?

It only hurts your credit score when someone else pulls your credit report.


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. |}


Do medical bills on credit report hurt credit score?

yes they do, they impact your score greatly


In what ways can a negative credit report affect your financial goals?

Refinancing can affect your credit report, and excessive shopping can also hurt it too.


Does ND hurt you on your credit report?

thats what id like to know


What services are provided by Consolidated Credit Counseling Services Inc?

The CCCS of Greater Dallas offers a wide variety of help and counseling for financiers in rough situations, such as bankruptcy and debt holes. The services offered includes financial counseling, bankruptcy services, credit report reviews, debt management plans, housing counseling, and more.


Does credit card consolidation show up on my credit report?

Yes, credit card consolidation will affect your credit score. It will show on your credit report for at least five years, it doesn't hurt as bad as bankruptcy however.