Debt Consolidation and How it Affects Your Credit

There are several types of debt consolidation actions one can take to get out from under it. There are 0% balance transfer options, payment reduction programs, counseling options and loans that you can get that could potentially offer a better rate/payment than high-interest rate credit cards. What I do know to be true, is one day you may wake up, like I did, and feel so smothered by the debt load, it didn't feel like there were any options to get out from under it.   There are options, it is just a matter of knowing and understanding that there are resources and steps you can take. Depending on your choice to handle your debt will have an impact on your credit profile, history and score. So listen in, get to know your options and get into action.