Does transferring balances between credit cards affect you credit rating?

Posts Tagged ‘new accounts’

Does transferring balances between credit cards affect you credit rating?

By Author on Wednesday, September 22nd, 2010 | 4 Comments

It seems like every week one card or the other offers zero percent on balance transfers. Since the amount I owe is below the credit limits on all my cards, I have considered just moving the debt between the cards I already have as I pay the total off (not opening new accounts, just shifting [...]

Does one's FICO score improve by increasing the number of good accounts?

By Author on Tuesday, September 7th, 2010 | 1 Comment

I have 2 credit accounts in bad standing, and 1 credit account in a very good standing. Would my fico score improve if i added 2 more credit accounts and keep them in good standing? (that would make it 3 good ones, and 2 bad ones) Related Credit Card Sites Does Having Too Many Bank [...]

Why would a FICO score dramatically change?

By Author on Monday, September 6th, 2010 | 8 Comments

My FICO score has changed 20+ points month to month a few times this year. It just dropped 60 points from last month. I have no late payments and balances are paid in full every month. I also have not opened any new accounts. What would cause this volatility? Thanks for all the possible answers. [...]

Why am I getting so many credit card offers when my credit rating would remind anyone of a cesspool?

By Author on Tuesday, August 24th, 2010 | 8 Comments

These banks are sick. Each month I must get about 5 to 10 offers to sign up for new credit card accounts, some of them pre-approved. My credit is certainly less than perfect. Related Credit Card Sites Banks Enabling Fraud Against Retail Customers « naked capitalism Credit Card Companies Jack Up Rates Despite Flagging Economy, [...]

Can you switch rewards cards within the same bank without closing and opening new accounts?

By Author on Saturday, July 31st, 2010 | 2 Comments

I have a credit card that gives hotel points. I’m more interested in a card that the same bank offers that has a different type of rewards. Is it possible to get the bank to switch you to a different card with different rewards instead of having to open a new account and closing the [...]

Credit Cards For Fair Credit

Posts Tagged ‘new accounts’