Will it affect my credit score if I take help from a credit counseling agency?
Date: Wed, 08/17/2016 - 22:36
It will most definately tank
It will most definately tank your score if you use their service.
On either front, you'll lose
On either front, you'll lose your credit. Delinquency can cause embarrassment and collection hassles, and if your creditor wins a judgment against you, then you may lose a part of your retirement benefits like Social Security.
A drop of 90-110 points on a 780 FICO Score against 30-day delinquency with no past record of missed payment, Equifax said. Whereas, after debt settlement there will be a drop of 140 and 160 points on FICO of 780 against the same 30-day delinquency with no past record of missed payment.
Now, the ball is in your court!