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Does Debt Relief Hurt Your Credit?

Credit Corp

Key Takeaways: Credit utilization makes up 30% of your credit score. Having good credit can help you secure better loans. How Debt Relief Programs Affect Credit Your credit utilization rate makes up 30% (roughly one-third) of your overall credit score. Each debt relief option has its pros and cons.

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Free Credit Repair for Low-Income Individuals?

Credit Corp

Your credit history and scores can impact your entire life. Whether or not you can get a loan—and at what interest—often depends on your credit. Credit can also play a role in whether you can rent the apartment you want, get a credit card for use in daily life or enjoy a great deal on car insurance.

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5 Best Credit Repair Companies – Updated April 2022

Better Credit Blog

We break this down in our article: “ What Exactly is Credit Repair & How it Works,” but the short answer is that credit repair is the process of reviewing, disputing, and negotiating negative items on your credit report that may negatively impact the credit risk tier you’re in and the loans and interest rates you qualify for.

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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. Your credit counselor will likely get you a lower minimum payment and lower interest rates. With consolidation, the end of your debt is in sight: If your loan has a three-year term, you know it must be paid off in three years.