Agencies like Cambridge speak to thousands of people monthly, and one quite common concerns we notice is, “Will credit counseling hurt my credit rating?” The short response is no, but that is included with an explanation. “Credit counseling” is the method wherein an avowed credit counselor can help you develop a workable economic plan that reflects your revenue, costs, and objectives. Your counselor will review your finances with you, provide you with personalized guidance to help you develop a budget, provide important resources you can use because process, and recommend alternate ways of handle your situation. This kind of free assessment has no influence at all on your credit ranking. Today, one of several options a counselor can offer is registration in a debt management system, or DMP. A debt administration program will influence your credit, but not likely in the manner perhaps you are thinking.