What are the cons of using a debt consolidation/credit counseling service?

@ July 2, 2008 # 4 Comments

mommytomonkey asked:

Do these services negatively effect your credit? If so, for how long?
Are there any major pros to these services?Website content

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If my company credit card goes to collection can I use a debt consolidation service to pay it off?

@ April 10, 2008 # 4 Comments

Trxy asked: I ended up using my company credit card for personal use while on medical leave. I was not able to pay it off completely right away and it was sent to a collection agency. I have a very nasty debt collector calling me all the time now (which is to be expected) but [...]

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