Let our consumer credit conseling service help

One of the most common questions posed to the credit counselors at Money Management International's consumer credit conseling service is how participating in a debt management plan affects a credit score. It is a common misperception that working with a credit conseling service is viewed by lenders as being the same as if you file for bankruptcy. This is simply not the case.

After having completed your debt management plan, your accounts should be on a current status and all notations that your payments are being paid through a consumer credit conseling service should be removed. There should be no further notation on your credit bureau file that you used the services of a consumer credit conseling agency.

Our consumer credit conseling and your credit score

Unfortunately, maintaining a good credit score is not quite as simple as paying your bills on-time and as-agreed. In fact, you do not have to have negative information on your application or credit bureau file to be denied credit. Let MMI's consumer credit conseling service help you understand how credit ratings work.