New Visitor
Posts: 1
Registered: ‎08-26-2009
Credit Counseling and FICO Score



I recently met with CCCS to set up a debt management plan.  I have been doing pretty well paying off debt on my own but my interest rates are high and I thought this would be a good time to bring in help to get me the rest of the way and also free up some monthly income.


But before I sign up I want to make sure I understand if or how this could impact my score.  I've seen articles that indicate it will impact my score (if the creditor reports it as "not paid as agreed") and articles that say it will not impact my score at all (FICO doesn't want consumers penalized for joining a plan).


So I thought I would go to the source to ask the question:  how will signing up with a debt management plan (presuming I pay on time) impact my credit score?


Many thanks,