does the debt consultant program affects my credit in a long run?

Question by rl861: does the debt consultant program affects my credit in a long run?
i contacted a debt consultant and was told that i can decrease more than half of what i currently owed the credit card. but the program required me to stop making paying and wait for their negotiation. i know that's going to affect my credit really bad, but how about after i settled all the debt, would my credit comes back up? i am planning to buy a house in the near future, would the lender see this as a

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