It no longer appears to be standard practice for creditors to report your participation in a debt management program to the consumer reporting agencies (a.k.a. credit bureaus). However, if they do, the notation only remains on your credit report until you complete the debt management program. Once you have repaid your debts, the notation comes off and leaves no lasting indication that you were ever on such a program. It is also important to know that even if a creditor places such a notation on your credit report, it has no effect whatsoever on your credit rating.