Sub: #1 In over my head again
Replied on 09-21-2009, 01:33 AM
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If I've gone through debt consolidation before and this is primarily for some high interest lines of credit (dept. stores, etc.) do all of these accounts need to be closed & how might this negatively effect my credit rating?

Sub: #2
Replied on 09-28-2009, 01:19 AM
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No they do not all have to be closed. You get to pick and choose which accounts typically but your total debt needs to be above $3000-5000 usually for a debt management plan. what are the card issuers? Discover for example doesn't do a great rate drop at all..its somewhere around 18% or higher.

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