Voting Question: Debt cosolidation?

I have between $11,000 and $12,000 worth of debt on 3 different credit cards. All of the credit card accounts have been sold to law firms. There is no way I can afford to make 3 different payments a month on these. What are my options? Should I go with one of those non-profit organizations to consolidate my debt? I do not own a home or any other property that could be used as collateral. I'm sure my credit is already shot so I'm open for all options.

Resolved Question: Getting a Debt Consolidation Loan?

Are these usually a good idea? Seems a no-brainer to exchange
high interest debt for low interest debt...

Resolved Question: What is the best way to pay off my credit card debt?

I have less than $5,000 in credit card debt, but it kind of has me in a bind. It seems I'm only paying off the interest while the actual balance never goes down. I applied online for a personal loan, but was rejected. I was thinking of maybe using a credit consolidation service to help me out. What ones are reputable? Which ones have you personally used and what were your thoughts on them? Any help is greatly appreciated.

Voting Question: Debt cosolidation?

Is debt consolidation a scam? It's hard for me to pay off alot of my credit card bills, Im a recent college grad not making alot of money and I had put alot of tuition on my cards. They have huge interest rates. So I called a debt consolidation agency, saying they would knock off interest rates and I would only have to pay 55% of what I owe. I set up a payment plan with them which sounds great. But then a few people said they could lie to me and it could be bad for my credit. Anyone have any experience with this?

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