Will enrolling in National Debt Solutions' program negatively impact my credit score?

Asked 6 months ago
Enrolling in National Debt Solutions' program may initially have a negative impact on your credit score. This is because the program involves negotiating with creditors to reduce your debt, which can be reflected in your credit report as a partial payment or settlement. However, as you continue making regular payments through the program, your credit score may gradually improve. National Debt Solutions emphasizes on educating their clients about credit management and budgeting, which can positively influence your credit score in the long run. Every individual's credit history is unique, so the impact may vary. It is recommended to consult with a credit counselor or financial advisor to understand the potential impact on your specific situation.
Answered Nov 2, 2023

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