Skip to main content
No. of Recommendations: 0
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.


Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.