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How does debt management/consolodation work?

So I am thinking debt management or debt consolodation would work better then bankruptcy, but my husband did debt consolodation about 5 years ago, and we were told it looks as bad as a bankruptcy. It actually negatively effects your credit. Is this true with all the companies?

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One Response to “How does debt management/consolodation work?”

  • Smilin'_Bob_The_Enzyte®_Guy says:

    It is just as bad as a bankruptcy, as far as credit reporting goes…

    Avoid it if you can…

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