If your credit is bad should you consolidate your bills?
My best friend has alot of debt. She just used one of those consolidation places, using a number off the tv, to have one monthly payment and they reduced her total debt. Is this a good decision?
I have some debt and I want to do this but I am afraid my credit will be worse. My credit is already bad for past due accounts in collection status. No I wasn’t a deadbeat..I has surgery and couldn’t pay my bills and them the minimum balances kept snowballing. Some of my friends say it makes your credit worse but I think paying it off would be better than not paying it. Anyone have a real answer on this? Thanks.