Comments on: Can Credit Counseling Affect Credit? http://www.visioncredit.org/can-credit-counseling-affect-credit/ Your Nonprofit Credit Counseling Organization Mon, 06 Feb 2012 15:50:02 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Pros and Cons of Debt Management Plans | Vision Credit Education, Inc. http://www.visioncredit.org/can-credit-counseling-affect-credit/comment-page-1/#comment-960 Pros and Cons of Debt Management Plans | Vision Credit Education, Inc. Wed, 29 Oct 2008 16:46:48 +0000 http://www.visioncredit.org/?p=787#comment-960 [...] Certain creditors may show your participation: Some creditors may place a label under your account with one or more credit bureaus. This could complicate getting a loan while you are still repaying your debt. This should be a nonfactor if you focus on repaying debt before opening new accounts. Regardless of whether creditors report your participation in a debt management program, that label has zero impact on your credit score. [...] [...] Certain creditors may show your participation: Some creditors may place a label under your account with one or more credit bureaus. This could complicate getting a loan while you are still repaying your debt. This should be a nonfactor if you focus on repaying debt before opening new accounts. Regardless of whether creditors report your participation in a debt management program, that label has zero impact on your credit score. [...]

]]> By: Kenneth Long http://www.visioncredit.org/can-credit-counseling-affect-credit/comment-page-1/#comment-904 Kenneth Long Thu, 23 Oct 2008 14:57:53 +0000 http://www.visioncredit.org/?p=787#comment-904 Credit cards can be a crutch that you can lean on when you are falling short during the month. However, if you depend on them for this purpose, then you are one life event away from major financial trouble. Additionally, these balances tend to gradually increase if you rely heavily on your credit cards, even if you pay more than the minimum payments. Credit cards are only truly useful if you repay the balance in full each month. Credit cards can be a crutch that you can lean on when you are falling short during the month. However, if you depend on them for this purpose, then you are one life event away from major financial trouble. Additionally, these balances tend to gradually increase if you rely heavily on your credit cards, even if you pay more than the minimum payments.

Credit cards are only truly useful if you repay the balance in full each month.

]]> By: Joanne http://www.visioncredit.org/can-credit-counseling-affect-credit/comment-page-1/#comment-898 Joanne Thu, 23 Oct 2008 14:27:39 +0000 http://www.visioncredit.org/?p=787#comment-898 My simple suggestion is get rid of your credit cards COMPLETELY. Most of my problems were due to my credit cards and my infatuation with using them to buy shoes. My simple suggestion is get rid of your credit cards COMPLETELY. Most of my problems were due to my credit cards and my infatuation with using them to buy shoes.

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