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if you have never been 30 days past on a credit card payment but have been late every month and all the credit cards are maxed with no equity left in my home shouldi file for a debt settlement or will this totally crush my credit score
Credit counseling will be a better option for you to select as these programs are designed to help people pay back debt in lower monthly payment schedule. As you are getting late with the payments every month, the counseling agency will work with you and your creditor to restructure your payment plan.
Lorraine
Credit Counseling
Credit Counseling will report to your credit report showing a negative impact for 7-10 years.. It looks to future creditors as basically the same thing as a bankruptcy...Be Aware. Credit Counseling companies are paid by the creditor and they are working for the creditor not the client.. Just a glorified collection company....