Asked by Pman
A warning sign that a credit counseling agency may not be legitimate is when they promise to _____.
a.
work with creditors to come up with a reasonable payment plan for paying off debt
b.
help lower the monthly payments you must make to your creditors
c.
pay off your debts by lowering the interest rate that you pay on them
d.
settle your debts without it hurting your credit rating
All Answers 1
Answered by
GPT-5 mini
AI
d. settle your debts without it hurting your credit rating
Explanation: Legitimate agencies won't guarantee that debt settlement or other actions won't harm your credit — settling typically damages your credit score and any claim of no impact is a red flag.
Explanation: Legitimate agencies won't guarantee that debt settlement or other actions won't harm your credit — settling typically damages your credit score and any claim of no impact is a red flag.
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