If you have a bad credit score due to debt then debt consolidation will actually help raise your credit score.
Choosing bankruptcy as a consolidation alternative will lead you to many years of a horrible credit score.
Your credit score can range from 340 – 800. The better your credit score is the less of a [...]

If you find yourself in a situation in which you are unable to pay a late bill, your best alternative is to use your credit card to consolidate your debt.
Although you may be avoiding penalties with a higher interest loan, most credit cards give you a 30 day grace period before you owe money.
You can [...]