Debt Managment and Credit score
Date: Mon, 05/18/2009 - 19:55
I know that being in a repayment debt management program, must harm your credit, but I'm wondering if you have REALLY bad credit does it help it any? Anyone who has been or is in a debt repayment plan have any insight? I'm just curious.
Its true that if you are in DMP, your credit may get affected, b
Its true that if you are in DMP, your credit may get affected, but the main propose of DMP is not to improve your score. A debtor repays his debt through debt management in order to avoid judgment which the creditor/CA may bring to recover the debt.
