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Does Debt Management Hurt My Credit Score?

The questions about credit scores is the most common one I get on this site. Debt management plan will not hurt your credit score as negatively as a debt settlement plan. Typically, when you enter a debt management plan it will be noted on your score that you are getting assistance in managing your credit card bills but so long as you stick with the program and pay your new consolidated payment on time every month, the mark on your credit report is not something to be too concerned about.

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