I've heard that debt consolidation can hurt your credit even worse. Is this true?

There is a chance that using debt consolidation services might affect your credit. Some debt management programs, like credit counseling, show up on your credit report. Some solutions, like debt settlement, don't show up on your credit report, but by definition cause late payments. Most debt consolidation services are there to help you get out of debt, not to sustain your credit report or credit score, so you should priorotize what you really want in seeking debt consolidation help.

The first advice I give to all clients is don't worry about your credit rating. Credit is a tool that turns you into a debtor the sooner you get away the better. The video on this hub is long but says it the... keep reading →

There are many people who have this problem right now. Debt consolidation is not a bad move if done correctly. When you consolidate your debts, it can squeeze up all your debts, medical, credit card,... keep reading →