Can debt relief services affect your credit if you use them to lower your interest rate?

Using a debt relief service usually means also getting credit counseling and debt settlement help. Being enrolled in a debt relief service makes it so your credit report states “enrolled in debt management.” This does not directly affect your credit score or rating, but since it is reported as such on your credit report it would make it basically impossible to be able to qualify for a new credit line or loan while you are enrolled in such a program. However, since during this time you are using them to fix your current debt situation, it probably is not a good idea to create more debt anyway. After you are done with the program, it should be removed from your report and that fact in itself should not permanently affect your credit.