credit score

Yes it will. Anytime you are not paying as agreed, your credit will be dinged. You also risk being sued during a debt management plan. Plus not all creditors may agree to the plan.

Soap lady is right - if you aren't making payments on time, your credit score takes a hit. If you already have late payments, the worst hit has already landed. With your first late payment, most cc companies will up your interest rate substantially. If you want more information on How Credit Works, go to: Link removed by Shazzers per the TOS, and read "How Credit Works. I also found the article in E-zine - author Jesse Niesen. He has a lot of good information, laid out in an easy to understand format. I found it helpful!