credit report

There may be repercussions short term but usually if you are planning to consolidate, the company you work with will contact your creditors and negotiate with them so they will be required to change your status to current on your credit report, and in most cases lower your interest rate, and accept the amount the debt consolidation company gives them each month, so long term it is actually going to be better for your credit report.

ie. once everything goes current and shows on time payments for a few months your score will improve.

At least for the first few months it is wise to not take on additional debt anyway so your credit score wont affect you too much in the short term.

this will cause your credit score to heal enough and for you to pay down enough debt so later on when you really need the credit to buy a car or a house you can end up in a much better credit standing.

If your debt is high, consolidation is usually a good thing. Just be wary of how much the consolidation company is going to take from your payments or you could end up paying higher interest overall on the debt.

I am not getting the help with a debt consolidation name. They are not paying the creditors. The creditors keep calling me and in the meantime, my account amount is increasing.
Help.