How much will your credit score go down if you go with a debt management company?
I have a 14K Amex bill which I am not responsible for but will have to pay so I am thinking of just settling it, How much will it lower my credit score? It’s currently a 690 right now.
May 26th, 2010 at 5:07 pm
Why would you pay a bill that you are not responsible for? If you are not responsible for a debt, it can never affect your credit score.
May 26th, 2010 at 5:07 pm
Consulting with a debt management company should not lower your credit score.
Check out this page to find out what actually hurts your credit score:
http://www.squidoo.com/how-to-protect-my-credit-score
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