Debt settlements are typically where a law firm or other agency negotiates your debt with your creditors. This will likely result in closing your accounts and your creditors will note the debt settlement on your credit report. This could affect your ability to get future loans and increase your rates on the loans for which you’re approved.
Happy Money® will not negotiate with your creditors. We empower you to eliminate your balances and make your money work for you. We will not require you to close your cards and as long as your loan is managed responsibly, your credit will not be negatively impacted.