In most cases, the benefits of getting approved far outweigh
the temporary effects on your score.
Not exact matches
Debt negotiation is going to have a negative impact
on your overall credit
score, but this
effect is only
temporary.
Note that doing this will have a
temporary negative
effect on your credit
score as we explained in the review above.
DMPs usually ask you to close all but one credit card account, which will have a
temporary negative
effect on your
score, but the
effect of regular payments over time will turn that into a positive.
Applying for a single line of credit will have very little
effect on your credit
score, but applying for multiple new lines of credit in a short period of time could cause a small,
temporary drop in your
score.