credit and debt consolidation loan
Question: if i’m eligible for a debt consolidation loan will my credit be affected because of this need answer please
Answer: When you apply for a debt consolidation loan a note appears on your credit report that a credit check was performed. If you get the loan, your credit is not harmed. However, if you apply for a number of loans and are rejected, your credit report will be harmed. We therefore recommend that you discuss this with your lender, and only apply if you have a good chance of getting the loan.