Will consolidating my debt lower my credit score?

• Initially, your credit score may dip due to the hard credit enquiry. Also, each type of lender affects your credit score in a minor or severe way.
• For instance, a payday lener would leave a very heavy foot print on your credit file. Where a single enquiry could drop your score by 200-300 points. However, an enquiry by a major lender for a home loan would have a much lighter impact.

Loan Saver Network recommeds a strategic approach to any loan enquiry and application. Certainly, using an debt consolidation expert in the process helps protect your credit file.