Debt Settlement programs can have a negative effect on your credit report while in the program. Upon completing the program your debt to income ratio (1/3 of your score) will greatly improve resulting in an increase to your score.
Currently by not doing anything with your debt, your debt income ratio is more than likely high, which will slowly decrease your overall score. Eventually your credit score will fall below the impact a debt settlement program will have on it. Watch our debt settlement video about the impact to your credit score for more information.