How will the debt management program affect my credit?
If your credit report currently reflects late or missed payments, enrolling in the debt management program can improve your credit record by facilitating consistent monthly payments. However, if you have never missed a payment but are sending reduced payments under the debt management program then some creditors make mark your payment as late or missed which can blemish your credit report. The objective of the this plan is to help you eliminate credit card debt, therefore a creditor may refuse to issue you a card while you are enrolled in the program.
