credit score under 500

$15,000 in cc debt , credit score under 500?

Hello, in addition to the title question, I signed up with a debt management agency , and even though it lowered my interests payments, it might have hurt me. I heard that it is the same as filing for bankruptcy? Also as a result of consolidating all of my cards were closed. I am now to determine to pay off the debt and I want to reopen the cards so that I can reestablish credit history. Will I be able to reopen my cards?

$15,000 in credit card debt and your ultimate goal is to get the cards opened back up?!! You need to seriously reevaluate your priorities before moving forward. You do not need revolving credit to establish credit history. I would get the debt paid off then work on getting a house and making good on ALL of your house payments. This is the best credit history you can get. Maybe in a few years you can get another credit card when you can handle the responsibility. Since you got 15 G’s into debt on them, you obviously can’t handle it right now.