Be Very Careful of Debt Consolidation Companies!...

Watch out for those ads on T.V. and the radio lately where they will assist your debt load worries and help you consolidate your payments into a more affordable monthly amount without claiming bankruptcy. A client of mine was told that doing this would not impact their credit rating, which was very good of them to think of, and twice were told it would not affect anything.  It did impact their credit in a huge way, to the point they couldn't get a new mortgage, even after they had sold their home!  To get a new mortgage they would have to put a huge percentage down...if you have any questions or concerns regarding this 'so called solution'...check with your mortgage specialis/brokert before you do it!...

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