If you are receiving unsolicited phone calls from an entity pretending to be ACCC (a trusted non-profit credit counseling agency), please be assured that ACCC’s policy is NEVER to contact you unless you’ve explicitly requested us to call you. Also be cautious of emails from an unusual or unfamiliar domain. ACCC’s domain extension is @consumercredit.com, and any emails using a different extension should be treated with suspicion.


ACCC’s Client Login allows current clients to access their program information, including the due date, program benefits, and other documents.

Select a Client Login below based on the service that you are currently enrolled in:

Debt Management Program

Client Login

Not yet a client, but looking to get started?

ACCC offers debt relief options to individuals and families that are suffering from stress related to credit card debt by providing effective credit counseling, helping to consolidate debt, and advising on debt management.

Get Started


You are now leaving the Consumer Credit website and are going to a website that is not operated by ACCC. We are not responsible for the content or availability of linked sites.

Are you sure you want to leave?

No, return me to the previous page.


How does debt settlement affect my credit?

Every consumer considering a debt settlement program has the same question on their mind: “How does debt settlement affect my credit?” After all, while debt settlement may be able to help you get out of debt more quickly, the debt settlement process may not help you get where you want to go financially if it has a negative impact on your credit rating.

Here’s a short introduction to “How does debt settlement affect my credit?” that answers this question and offers a brief look at the pros and cons of debt settlement.

How does debt settlement affect my credit?

Debt settlement inevitably has an adverse impact on your credit rating. That’s because, to encourage your creditors to accept a settlement that is less than what you actually owe, you have to stop paying your monthly bills. As your past due balances begin to grow, it’s thought that creditors are more likely to accept a settlement if they believe it’s the best they can do.

Successful debt settlements typically offer creditors 25% to 80% of the total amount owed, though your savings will be reduced by a large fee for the settlement company or US debt settlement service (typically 25%) and by taxes on any amount forgiven (often another 25% of the amount saved.)

How does debt settlement affect my credit if creditors except my offer?

If your settlement offer is accepted, your debt will be erased, but your failure to make good on your financial obligations will harm your credit rating for up to seven years.

How does debt settlement affect my credit if creditors reject my offer?

Your creditors don’t have to settle your debt – they may opt to sue you instead, adding legal bills to your existing financial debt. And your credit rating will still be severely damaged because you failed to make payments for a number of months as part of your debt settlement program.

How does debt settlement affect my credit if I’m settling credit card debt?

Credit card debt settlement works the same as settlement of other types of debt – your credit rating will be negatively impacted either way.

How does debt settlement affect my credit compared to bankruptcy?

Many consumers are interested in the benefits of bankruptcy versus debt settlement. Most financial professionals will encourage you to consider bankruptcy as a last resort, as the process may force you to give up certain assets and your credit rating may be damaged for up to 10 years.

How does debt settlement affect my credit over debt consolidation?

Debt consolidation involves taking out a new loan at a lower interest rate to pay off multiple older loans. Consequently, it has little to no effect on your credit rating.

How does debt settlement affect my credit versus a debt management plan?

A debt management plan lets you avoid the debt settlement bad credit impact. Under a debt management plan, you’ll get help to manage your finances more carefully, enabling you to continue making monthly payments. You’ll also work with a credit counseling agency to develop skills to avoid debt in the future, and you can approach your creditors to seek reductions in interest rates, fees, and finance charges that can help you pay off your debt more quickly.

To learn more about debt management, call for a free credit counseling session with a certified professional from American Consumer Credit Counseling, a nonprofit agency working to help consumers find their way out of debt and live life debt-free in the future.

See if our Debt Management Program is right for you Should you consolidate your debt? See how much it really costs to use your credit cards

Your Ultimate Money Management App

Meet CreditU, the ultimate one-stop debt and financial management app! See your full financial overview, including debts, income, expenses, and savings.

CreditU Apple App Store
Dev Tool:

Request: how-does-debt-settlement-affect-my-credit
Matched Rewrite Rule: ([^/]+)(?:/([0-9]+))?/?$
Matched Rewrite Query: name=how-does-debt-settlement-affect-my-credit&page=
Loaded Template: single-resource-pages.php