If you hit a bump in the road and can’t keep up with the agreement, it's important to reach out to your creditors as soon as possible to discuss your options.
Generally, it's a good idea to stop using credit cards while you're under a debt agreement to avoid adding to your financial burdens.
Typically, debt agreements can last anywhere from a few months to several years, depending on the terms you negotiate and your personal financial situation.
Yes, a debt agreement can have an impact on your credit score, often lowering it initially, but it may help you improve your credit situation in the long run by getting debts under control.
You can seek help from credit counseling agencies or financial advisors who are experienced in negotiating with creditors.
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