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Does Debt Relief Hurt Your Credit?

Credit Corp

Credit Counseling Immediate credit impact: None expected Long-term credit impact : None expected A credit counselor is a professional adviser who helps you manage and repay your debt. Counselors may offer free or low-cost consultations and educational materials.

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How to Repay Debt: 4 Options

Debt Guru

Before you create your plan, try calling your lenders to simply ask if they’re willing to work out a payment schedule that fits in with your plan. Sign up for consumer credit counseling. Reach out to a credit counseling agency. Your credit counselor will likely get you a lower minimum payment and lower interest rates.