Credit Frequently Asked Questions

Get answers to the most frequently asked questions about healing your credit. Knowing the terminology used in the industry will help you to negotiate better.

Does it cost anything to use the service of this site?

No. The services of HealYourCredit.com are completely free of charge and obligation. You can be connected with a credit counseling service that is respected and trustworthy in a matter of minutes.

How much does it cost for credit counseling services?

There are different rates and fees for each credit counseling service you can find. Some charge based on a percentage of your overall debt that they will manage for you, others work off of a flat rate and a very few nonprofit services may handle your creditors for little or nothing at all.

Does credit counseling damage my credit?

It may have a slight, short-term negative impact, but typically if you are in a position to need credit counseling the effect on your credit score will be minimal and that will be followed by a significant increase as you use the service to pay down and pay off your credit card and other debts.

Will I be able to keep using my credit cards?

Usually you will not. As a part of negotiations with the credit card services, they will require that your account be closed. This does not prevent you from getting a new card with them in the future once you have successfully paid off the debt through the counseling service.

Do I have to use credit counseling to change my interest rates?

No, people have negotiated their credit rates on their own without using the services of a credit counseling service, however, the results they achieve are usually significantly less than those of a professional service.

Get started on your credit and heal your credit starting today!