Debt Management

L

luddyman

Guest
I have been online and looking to see how I can manage my debts, and I came accross some companies wh say that they combine all debts, and negotiate with creditors to freeze interest and possibly reduce debt . Rather than dealing with 3 or 4 creditors, I would then only deal with this one company and pay them one monthly payment.
does anyone know if these are genuine companies (claiming to be able to wipe up to 75% off debts?) Would dealing with them effect my credit rateing? any advice welcome
 
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