The credit conseling servie would looks worse on your report, while the debt collections are hurting your score. At least with the collections, you could negotiate a %26quot;pay to delete%26quot; and get them removed in exchange for paying the account off.
What appears worse on your credit report? A few debt collections or a single credit counseling service?
I went through credit counseling, and from experience, I can tell you that creditors look at credit counseling as being worse than bankruptcy. I don%26#039;t know why, and I don%26#039;t think it makes any sense since with credit counseling you are trying to make it better, but I have been told that from numerous creditors. So I think having a few debt collections looks better than a credit counseling service. Hope this helps! And good luck!
What appears worse on your credit report? A few debt collections or a single credit counseling service?
My niece is a loan offer and she states that they HATE to see credit counseling notations on credit reports.....I%26#039;m not saying you shouldn%26#039;t use this service....Just be warned that if you do...I don%26#039;t think you%26#039;ll be getting any loans for big ticket items like mortgages and car loans...if you do they%26#039;ll be at exorbitant interest rates.
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