Is there a debt consolidation program, or debt settlement program, that you can use if you have an excellent credit rating still, but are deeply in debt from credit cards without it affecting your credit? I’m talking $40,000 in debt.
The services of a credit counseling group, debt management, debt consolidation or debt settlement can all bring your score down.
There is no free lunch. If you are going to a third-party and asking them to negotiate for reduced or special payments it is a clear indication that you are having problems and it should be noted on your credit report.