FINANCIAL FREEDOM
as a way of life
WORK WITH vISTA
Will credit counseling hurt my credit score?
Credit counseling itself does not negatively affect your credit score. However, enrolling in a debt management plan may have a temporary impact, depending on how your creditors report it.
What is credit counseling?
Credit counseling is a service that helps individuals assess their financial situation and develop strategies to manage debt, improve credit, and achieve financial stability.
Is credit counseling the same as debt settlement?
No, credit counseling focuses on managing and repaying debts through structured plans, while debt settlement involves negotiating with creditors to settle debts for less than what is owed.
Are you ready to take control of your debt today?
“Do I need professional help to stabilize my finances?”
If you have moderate debt, you may be able to manage your financial situation on your own. While guidance on budgeting and expense tracking can be beneficial, your circumstances may not require the assistance of a debt resolution specialist.
Creating a plan that works for you
“How long does credit counseling take to improve my financial situation?”
The timeline depends on the complexity of your debt and the plan you follow. A debt management plan usually lasts 3 to 5 years, but budgeting and advice can lead to quicker improvements.