Debt consolidation

Debt consolidation does not adversely affect your credit score and so you are not at risk. Under debt consolidation, you club all your debt payments into one single payment and pay off the entire debt in a 4 to 6 years time frame. Moreover, since you are regular with your payments, your credit history as well as your debt to credit ratio improves and so your score may even go up.

Sorry, but debt consolidation generally does tank you scores. Most people cannot afford the regular payments so they turn to debt consolidation/management companies. These companies negotiate lower payments/interest rates however since you are not making the regular payment, you are usually scored late. DMP companies from my understanding are also notorious late with payments too.