Do balance transfers hurt your credit score?

Answer On One Hand: Balance Transfers May Benefit Credit ScoresTransferring a balance from one credit card to another is usually a good decision. Credit rating agencies base your score on multiple factor... Read More »

Top Q&A For: Do balance transfers hurt your credit score

Effect of Balance Transfers on Credit Score?

Balance transfers are one way to consolidate debt and lower interest payments. They can also affect several components that are used in determining your credit score. This score is an indication to... Read More »

How do balance transfers affect your credit rating?

A balance transfer occurs when you transfer the debt you have accrued on one credit card to another credit card. A balance transfer does not directly affect your credit rating. The new credit accou... Read More »

Is It Better for Your Credit Score to Close a Zero Balance Credit Card?

Flat screen TV's have many options that make connecting stuff to them simple, but CRT TV's are older so they were made before all these connection devices started integrating to the TV sets. A CRT ... Read More »

Is it better for your credit score to close a zero balance credit card?

In most cases, you are better off not canceling a credit card with no balance, because it will no longer report to the credit bureau as being current with payments and your debt-to-available-credit... Read More »