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I have a quick question which you can respond to without reading the rest of my message, if you're in a hurry:

Credit counseling services are good, because you get a lower interest rate while in the program. However, if you use their services, you also get a "debt management" notation on your credit history.

Here's the question: How much of liability is that notation, especially in the context of someone who has been rebuilding a good credit rating over the past three years and but still carries a high income-debt ratio.

If you have experience with this or have direct knowledge about the actual significance of the debt management notation, I would love to hear from you.

Thanks,

Hugh
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