Credit Counseling..Does It hurt your credit?
Does Credit Counseling hurt your credit–?
If your credit card debt has become a problem that you can’t seem to fix, you may be tempted to use a credit counselor to help you lower your monthly payments. However, this could harm your long-term credit rating, according to Jane Shebroe, Branch Manager for 1st Metropolitan Mortgage in Little Falls, New Jersey.
“I have had many credit-counseled consumers looking to refinance, or purchase a home. In the process, they were devastated to learn that their credit history was badly damaged because of credit counseling. They claimed the credit counselors never told them that this would happen.
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