will debt consoladation hurt my credit

The best thing for your credit is to pay the bills on your own. Regular and timely payments produce maximum credit scores.

The moment your account is in default, interests on credit card debts go higher. At this stage, you want to take some professional help in case paying the minimum amount is doing no good.

Under such circumstances when your credit is already getting ruined, a debt management program will repair your credit someway. debt consolidation is the best program at that stage. If the debt is huge, debt settlement can be considered. If you are unable to make any payments in the consolidation plan or a settlement plan, bankruptcy is the final option in which all the debts get discharged.

So, if you have huge debts and want to find a way out, you will have to pick from one of the options. This is an interesting article listing all the options. Maybe, it will help you in making a decision.

http://www.debtconsolidationcare.com/debt-solution.html