So, my husband and I have some credit card debt and some of it has gone into collections. He was out of work for a while and due to that we were unable to pay most of our bills. I was just wondering what this does to our credit? How badly does it affect it? Will we be able to buy a car or house with credit card collections on our credit? Will it affect it even worse if we go to a debt management program? Please serious answers only. Thanks.