Facts

• If you are unhappy with the credit counseling services you receive, you may opt to discontinue those services at any time.
  
  

Significance

• If you choose to discontinue credit counseling, any debt management program that you currently participate in will be canceled. This could result in you having to pay higher monthly payments to your creditors.
  
  

Misconceptions

• Unlike debt settlement companies, credit counseling services rarely ask consumers to sign a service contract. Thus, you are unlikely to be charged a penalty fee if you choose to cease participation in the program.
  
  

Effects

• When you drop out of credit counseling, the notation that you were involved in the service will be removed from your credit report. Being enrolled in credit counseling, however, does not affect your credit score.
  
  

Considerations

• Dropping out of credit counseling now does not prohibit you from re-enrolling again in the future.