Myths #7 – Debt Settlement Helps Your Credit Score

Debt Settlement is a great strategy for getting out of debt for less than you owe.

However, it does not immediately help your credit score.  The best case scenario is “no impact” on credit scores.  Not having an outstanding balance is better than having an outstanding collection action against you, however only time and a consistent payment history will improve your credit score.

Marcadis Singer, PA
5104 South Westshore Blvd.,
Tampa, Florida.
Phone: (813) 288-1881

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