Is there any negative side of debt consolidation?

credit rating .. goes down .. primarily when you have a good score .. else does not really hurt you much .. then again .. what would you prefer a low score or a lot of debt that you cannot clear?

debt consolidation or debt settlement? Consolidating will not get rid of the debt. Settle it and be done. Do not take a loan on your house or cash in IRAs. Let it go for a few months then settle it for .20 cents on the dollar. They will do it