Does consolidating credit cards affect credit score herb alpert dating game theme
If you can resist the temptation, keep your credit cards open after you pay them off.
If you’ve missed payments in the past, it will take time for your credit score to bounce back.
Conventional mortgages typically look for a credit score of 620 or higher.
Federal Housing Administration mortgages require a credit score of at least 500.
If your credit score is between 500 and 579, you may need to make a down payment of 10 percent.
If you’re concerned about the impact a debt consolidation loan will have on your credit score, you may want to consider improving your credit in other ways.