Debt consolidation and credit

Many here are in a consolidation program,since working through it was not a option.We all understand that our credit scores will suffer until our debts are paid off,but in most cases,our credit scores were already damaged by late payments and charge offs.Did you have a bad experience with a debt consolidation company,that you would like to share?Tizzle,please join the forum and share your views with us all.

So many confusions about consolidation program float around. Some people do have some misconception also and often mistakes identifying consolidation separately from settlement.

The status ???settlement' might hurt your credit; however it still shows your interest to pay your bills even when you had a hardship. As we have discussed so many times in this forum, the counselors working in the consolidation program help consumers to get their account reported as paid or paid as agreed. None of these are considered as negative. So once the program is complete, your credit will be in a good shape.

I think the article below will help to understand the aftermaths of consolidation program-

http://www.debtconsolidationcare.com/benefits.html