Improving Credit by Paying Old Balances?

Answer Old balances on your credit reports are probably accounts that are no longer active. Chances are you stopped paying on the accounts at some point and they were closed by the original creditor, who ... Read More »

Top Q&A For: Improving Credit by Paying Old Balances

Does transferring balances to another credit card hurt your credit?

Transferring balances does not directly impact your credit score, according to It can, however, present problems that eventually hurt your score. If done too much, you could miss a... Read More »

How do I transfer balances to a 0 APR credit card?

Current Credit CardsLook at the balance transfer options for your credit cards. Most list these online or in your monthly account statement. See if any of your current cards have a 0 percent APR ba... Read More »

How to Float Credit Card Balances?

When you float a credit card balance, you are actually extending the amount of time you have before the balance has to be paid in full and still avoid paying finance charges. To float a credit card... Read More »

How to Consolidate Credit Card Balances?

Consolidating your credit card debt is a wise move. Having the debt all in one place makes it much easier to monitor, and it cuts down on the number of payments you have to make to lenders each mon... Read More »