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Does Debt Relief Hurt Your Credit?

Credit Corp

We’ll help you weigh those options and share several resources that can help you learn how to reduce debt over time. Key Takeaways: Credit utilization makes up 30% of your credit score. Each debt relief option has its pros and cons. Having good credit can help you secure better loans.

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How to Repay Debt: 4 Options

Debt Guru

Sign up for consumer credit counseling. Reach out to a credit counseling agency. They will create a debt management plan (DMP) for you by evaluating your budget and determining an affordable monthly payment for all your debt. The complication is that you typically need good credit.