cancel
Showing results for 
Search instead for 
Did you mean: 

Debt Management Plan

Regular Contributor

Debt Management Plan

Hi Everybody,

 

If I enroll in a Debt Management Plan, will my FICO score go down because I would have closed 3 major credit cards in good standing (i.e., no lates?)  They are all in the upper 600's now (somehow--since all my cards are "maxed out.")  I really don't want my scores to go down into the low 600's--as I'm thinking about "exploring new horizons" by obtaining an apartment and letting my wife keep the co-op we own.

 

I have $26,000 in credit card debt.  I also have a mortgage.  I have no 30 day lates, though I had one less-than-30-day-but-more-than-15-day late payment on my mortgage last year.  I am fortunate that I have no lates.  That's why I thinking about joining a plan.

 

Thank you for the feedback.

Message 1 of 2
1 REPLY
Highlighted
Moderator Emeritus

Re: Debt Management Plan

I'm locking this thread and directing others to your duplicate thread here

Message 2 of 2