A balance transfer affects several different pieces of the credit score pie.

While you are transitioning debt –  paying off one side –  you are also adding to the other side of the debt. You are also, in some cases, adding a new trade line to your credit. Additionally, if you are moving money to an account that has a lower limit, then you are affecting your ratio of debt to limit.

So, there are a lot of factors here gang, which elucidates to all of us just how comprehensive and complex it is.

For more info…read below.

http://blog.credit.com/2013/10/balance-transfer-bad-for-my-credit/

Be well,

Credit Dr.

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