The moment you settle one of your debts, your creditor will update the status of your account to settled, or some variation thereof. This status could remain on your credit report for up to seven years. Every case is peculiar. An account with a settled status has less credit impact than having an account with the Unpaid status. However, both are considered negative marks to your credit score. However, you will be able to improve your credit profile and standing by engaging in positive credit behavior over time. You have to make sure you are reducing your debt.

Ask Rebound From Debt about their add-on credit repair program for consumers once they have completed the debt consolidation program. Like we say, we are at your disposal at every step of the way.