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Fast Track Debt Relief, Inc.
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Great experience. Very professional.
Fast Track Debt Relief, Inc.
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Fast Track Debt Relief, Inc.
Wednesday, August 9, 20175eKomi
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Fast Track Debt Relief, Inc.
Wednesday, May 3, 20175eKomi
I had been so over whelmed with being in debt and truly saw no way out. And with the help of *** and *** I am officially DEBT FREE. I cant begin to tell you how good this feels. And for some time...
Fast Track Debt Relief, Inc.
Saturday, July 22, 20175eKomi
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Fast Track Debt Relief, Inc.
Saturday, June 10, 20175eKomi
What can I say!! Fast Track Debt Relief was a Blessing in Disguise and Life Saver for me and my family. With over $60,000+ in debt, we turned to Fast Track Debt Relief for assistance. They set up...
Fast Track Debt Relief, Inc.
Friday, August 25, 20175eKomi
My experience has been excellent. Everyone that I came in contact with has been very good.
Fast Track Debt Relief, Inc.
Friday, July 28, 20175eKomi
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Fast Track Debt Relief, Inc.
Sunday, June 25, 20175eKomi
Something unbelievable but true this program really helped me a lot so far
Fast Track Debt Relief, Inc.
Wednesday, May 3, 20175eKomi
My experience with this company has been nothing short of fantastic. I would like to point out especially the excellent customer serve by ***. She was always available, cheerful and worked hard t...
FAST TRACK DEBT RELIEF ADVICE BLOG
SEP 12, 2017, TUESDAY
Credit-Counseling--Fast-Track Does Credit Counseling Impact Your Credit Score?

No! Credit counseling does not impact your credit scores. This process can help you learn to manage your money better. It will give you education in managing your finances and creating a budget. You may be able to figure out a path forward that allows you to simplify your budget, pay off your debts reliably, and come out the other side ready to save.

 

Credit Report vs. Credit Score

 

Your credit counselor may recommend a debt relief program, depending on your financial situation. This isn't a bad or negative idea -- but be aware that a debt relief program will show up on your credit report. Now, this isn't necessarily the same thing as impacting your credit scores, however.

 

What shows up on your credit report if you enter a debt relief program such as a debt management plan? It is a note indicating that you engaged in credit counseling. This doesn't change your score – the payment status of the account is what any score change will depend on.

 

Creditor's Decision & Debt Settlement

 

It's up to the creditor at this point. If a creditor reports the account as current, you'll have no impact on your credit scores. Lenders will still see the note, but the score won't change. Make sure that all payments up until the switch to a debt relief program are current. This will help.

 

If the debt is settled, meaning you paid a lump sum to erase the debt but it was less than the actual debt you owed, this will negatively impact your score. However, for many, this is the best way out of debt and allows them to start rebuilding their credit more quickly.


Remember, a small hit to your credit score is often worth it; you’ll begin to manage your money more effectively, and you can be sure that that will be reflected in your score.

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