Credit Card Debt? Consolidate using debt consolidation agency? Good or Bad?
Does it reflect negatively on my credit report if I consolidate credit card debt using a debt consolidation agency? I can make my credit card payments, but only the minimums. The APR's are mid to high teens -- I feel like a hamster on a wheel. Is it worse to continue like I am, with credit cards maxed out and making very little headway on them? Or is it worse to get help? I have about $30,000 on credit cards. It's horrible I know. Any ideas on how to fix this would greatly appreciated. :confused: