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I spoke with someone at a debt consolidation company that said that as long as I was a part of their program that my credit report will show as "slow pay." Is this normal?

what is slow pay?

Sub: #1 posted on Wed, 09/10/2008 - 08:01

danilewis82 danilewis82

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Many times a notation of "In debt management Plan" or words to that effect will be added to your credit reports. This will casue a drop in scores which should be expected. If you complete the plan, you may have some late pays listed on your tradelines. The impact will lessen after 2 years as long as you keep paying on-time moving forward.

Sub: #2 posted on Wed, 09/10/2008 - 08:05

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