Well drillboy, the simple answer is debt managment doesn't hurt your credit. It won't prevent you from refinancing your mortgage.
When you enroll for a debt management program with a credit counseling agency or debt mgmt company, the company negotiates with your creditors for a reduction in the rates and hence monthly payments. This is to make sure that you have no problems in paying off the debt. If you keep making on-time payments in debt mgmt program, your credit score would get better with time.
You can get a detailed explanation of debt management program from "http://www.debtconsolidationcare.com/debt-management.html" .
Good luck
When you enroll for a debt management program with a credit counseling agency or debt mgmt company, the company negotiates with your creditors for a reduction in the rates and hence monthly payments. This is to make sure that you have no problems in paying off the debt. If you keep making on-time payments in debt mgmt program, your credit score would get better with time.
You can get a detailed explanation of debt management program from "http://www.debtconsolidationcare.com/debt-management.html" .
Good luck
It doesnt affect your credit score it just helps adjusting to what you can afford and pay ur bills off im a short term and for less money.