Does debt consolidation ruin credit score?

Written by on October 12th, 2009
debt consolidation
cheesedip982000 asked:

I’m over my head in debt, I have a long credit history with a high 600 score. But I can deal with putting up my whole pay check just to pay my credit cards any longer. I’ve always thought of Dept Consolidation Co. as a Scam. But maybe they’re not. Any one ever work with one? Does it make you Credit score go down??

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