will this affect my credit rating

Hi kags

debt consolidation program will improve your credit ratings as you will be making regular payments through this program. It is widely chosen by those who are unable to make regular payments and have difficulties in paying high rates of interests to the creditors. Once your bills are included in the monthly payment plan, the creditors will receive money from you regularly and will view your credit file in a positive way. The amount of debt will also get reduced eliminating the financial charges and the late fees.

For a better understanding, read this page and understand how consolidation program will shape up your credit. I liked the concept explained here.

http://forums.debtcc.com/forums/consol-result.html

Your credit scores will improve after the accounts get paid in full. The lenders will update your file with the bureaus and you will have a renewed financial worthiness.