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Don't let bad credit define you.

Everyone struggling with large amounts of debt has to deal with bad credit. If you’ve experienced, this, then you know that bad credit can significantly affect your life, coming up anytime a credit score is run on you, such as when you are applying for a job or a loan. Despite what you may hear, the only real way to repair credit is to pay off your outstanding balances. The method used for calculating your credit score is described below.

What factors affect your credit score?

There are five factors used in credit scoring calculations that determine your overall credit score:

Previous Credit Performance (Payment History): 35% Creditors want to know what your payment history is like: have you paid everything on time, are you late on anything now, and so on. Although this is only one part of what is used to determine your credit score, it is very important and carries more weight than any other individual section. A good payment history will have an excellent effect on your credit score.

Current Level of Indebtedness (Amount Owed): 30% Creditors have to consider how much debt is too much, and whether or not the borrower can pay a new creditor and still afford to pay his other bills. Having available credit can actually help your ratio of debt to available credit.

Amount of Time Credit Has Been in Use (Length of Credit): 15% In general, the longer your credit history the better your credit score. However, this is only 15% of the total score, so even those with a short credit history can still have good credit scores if they do well in the other areas.

Pursuit of New Credit: 10% Each time someone runs a credit check on you, it creates an inquiry. If these build up they begin to lower your credit score. Credit is becoming increasingly popular and available through online and mail services. Be careful about pursuing too many kinds of new credit.

Types of Credit Experience: 10% Because this score is only 10% of the total, it is not generally a key factor in determining your credit score. However, it is not a good idea to open different types of accounts just to try and make this factor better as doing so will likely reduce your scores in other areas.


Debt Settlement Debt Negotiation works by negotiating the balance owed on your unsecured debt so the amount paid is less than owed. We design an affordable monthly savings plan and your savings are used to obtain a deal from your creditors.

Most likely, yes. Any time you are behind, with or without a program, you will receive calls. However, many creditors are accommodating. Additionally, calls may reduce after the original creditor receives a detailed hardship letter from you.

Debt Settlement or Debt Negotiations effect on your credit score will depend on your current credit status before starting any settlement program. Very few people with debt problems have perfect credit and debt settlement is meant to be a hardship program.

About Our Company

We are the Debt Rx and are one of the longest operating Debt Settlement and Debt Negotiation firms in America. We are not the largest, because our focus has been more on personal attention and service of existing clients than that of enrolling new ones.