Well, the credit score is an asset that you have developed so that the same can be used to lead a secure financial life.
If sacrificing the score helps you improve your finances, that there is not a bad deal, is it? Well, would it not be better if you were in a position to manage your credit rating as well as your debt problems simultaneously? Would it not help if you could reduce your debt without wasting the wonderful asset that you have created after many years of hard work? If you choose the right debt relief option, you will definitely find it easy to protect your credit score.
Most of us end up with a poor score just because we have chosen the wrong remedy.
Relying on a settlement when you have the capacity to make regular repayments or opting for consolidation when you are already have a poor credit score - all this will lead to an even more negative impact on the credit rating.
It is one thing to desire to protect your rating.
However, you cannot avoid damage to the credit history when you have fallen into a debt trap.
If you have made irresponsible use of your credit card or if you have were managed your finances improperly, then you will have no option but to suffer damage.
You will have to choose whether you want to get rid of the debt problem or whether you want to save your credit rating.
If you opt for the latter, then you will have to find ways to make regular repayment and solve your debt problems.
If you simply wish that the problem go away on its own, then it will soon have a negative impact on your finances well.
A regular repayment is naturally going to lead to publications with your lender.
Hence, be practical and pragmatic.
If you are suffering from a problem, you have no option but to suffer damage as far as your credit rating is concerned.
Make use of the World Wide Web to find the impact of various debt relief options on your score.
If the right option is chosen, you will easily save your rating or manage to improve it once you have suffered from a negative light.
Consolidation helps you avoid a fall and settlement, if done properly, will help you recover the rating very quickly.