: Over time, paying off revolving credit card balances with an installment loan can lower your credit utilization , which may boost your score.
: Applying for a consolidation loan triggers a hard inquiry , and a new account lowers your average account age, both of which can cause a temporary drop in your credit score. does debt consolidation affect buying a home
Debt consolidation can significantly impact your ability to buy a home, either making you a stronger candidate or temporarily hurting your chances depending on your and strategy . How Consolidation Can Help : Over time, paying off revolving credit card