Yes cheese can raise your cholesterol levels.
The reason cheese has the ability to raise your cholesterol levels is that cheese is high in cholesterol itself.
So the more cheese you consume the higher your cholesterol levels will be.
So if you already suffer from high cholesterol levels then you need to watch how much cheese you eat.
If you do have high cholesterol or just need to watch your cholesterol levels then as long as you're not eating more than a few pieces or few slices of cheese per day you should be fine.
It usually takes quite a bit of cheese to see a significant increase in your cholesterol levels.
Eating cheese can also cause you to get constipated if you eat too much of it as well so be aware of that too.
But in moderation cheese is very healthy for you.