Debt Management Program

Debt Management Program

I have a lot of debt due to a lot of mistakes that I am trying to take care of now. Thankfully my credit score is still good (low 700's) However I am having problems keeping track of the debt and want it paid off as soon easily as possible. My credit union has an agreement with Balance, which has a debt managment program. Here they have agreements with my creditors to lower my interest and I pay them and close my accounts. I have heard by doing the program I can lower my credit score. When I asked with the initial consult they said it's because I close my accounts and there for my history with the accounts. I am just wondering if anyone else who did a debt managment program found the credit score took a major hit and if so how long did it take to recover. Also is it because I am closing out the credit accounts that my score suffers? Thanks
Can I have an ID please?

Can I have an ID please?

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