which would be the least detrimental to our alread

which would be the least detrimental to our already damaged credit rating debt settlement or debt consolidation?

3 Answers

I think debt consolidation would be the least detrimental for your credit score. This is because debt settlement hurts your credit score more than debt consolidation.
 


Both will ding your credit score. However, debt consolidation will damage your score less. 


They're about the same and, in the long run, doing settlements yourself is going to save you money.  Don't pay someone else to do what you can do for yourself for free. 

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