Whether or not your score is going to improve, depends firstly on the listing type - whether or not the listing was positive or negative. If you close an old account, all the history of that account is lost from your report. This may negatively affect your score.
However, if negative listings or wrong listings are removed from your report, it does improve your score. There is no time limit within which the score may go up. However, by how much will the score go up depends on the type of debt, the amount of debt and the settlement type.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.