Debt Consolidation good and bad?

debt consolidation - not too good for your credit

debt settlement - makes your credit suck

Bankruptcy - makes your credit really really friggin ugly

However, not paying bills at all does not make a pretty picture on your credit either, so your credit recovering from the consolidation or settlement is a possibility for the future!

What types of debt do you have?

This is what I have so far but I think I have a handle on things after some great advice. I was just wonding because if it didnt do much damage to consolidate i'd think about it but if I can stay on top of my numbers 10 months will be gone in a flash and i'll be debt free!

You have to pay out at least 1700 a month to get out in 10 months...that is a big chunk of change.

The advantages of consolidation is that you can get your interest rates lowered. There are a lot of great non-profit agencies out there that can do this at a minimal fee.

I can manage it i think. I make 1600 a month in hourly pay. Usualy even more depending on sales but even if that doesnt happen I think we can trim 100 off my wife check that we use for the rest of our living expense. I'm not quite ready to through in the towel. I was close but see it all in front of me as a goal that seems reachable really gives me a boots!

I wish you well!

I can see you doing your homework, I appreciate it. Polly has given you some good suggestions. Go through this conversation as well to know more about debt consolidation and its impact on your credit.

http://www.debtconsolidationcare.com/forums/understand-fico.html

Thanks Stanley!

Thats just what I needed.