Posts Tagged "balance transfer"

Transferring balances shouldn’t hurt credit scores

Dear Experian,

Does the simple act of making a balance transfer lower your credit score and if so how much?


Impact of balance transfers on credit scores

Dear Experian,

I have a question about balance transfers. I have a credit card with a balance that I am paying interest on. My husband has an existing credit card balance transfer offer at 0% for 12 months. That card is under his name and it has no balance. If I transfer my balance to his offer, how will that affect our credit score? Also, do any balance transfers affect your credit scores as long as you do not utilize any of the accounts after the transaction?


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