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when you settle unsecured debts, will it go off your credit report?

After you go through the debt settlement process over a 18-36 month period (depending on your situation), your credit report will will show the damage caused for some time, typically it will take a few years to rebuild it. Your debt to income ratio will go down which helps your score but your report will note the negative marks caused by debt settlement. After you emerge, you can slowly rebuild your credit so those negative marks become less of a factor until they finally disappear from your report altogether.

Many people who opt for the debt settlement solution already have relatively poor credit from falling behind on their payments and are facing further damage as their situation gets worse. The rule of thumb I use is, if you are thinking you may need bankruptcy, you should at least explore the debt settlement option first.