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How does Balance Transfer Affect My Credit Score
Manage episode 348538491 series 3421805
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One of the most popular and economical methods to handle debt when it comes to past-due credit card bills is a balance transfer. With this, you move your outstanding credit card amounts to another card account to pay them off. Many customers want to know whether a balance transfer can help or hinder their credit score.
You can achieve your pay down objectives by using balance transfers as a solid strategy. You can use it to make low-interest monthly payments to pay off your obligations more quickly. By paying off several balances or making multiple payments, each with its own due date, you can consolidate payments and pay off your debt with just one monthly payment by using a balance transfer.
For more information refer to: https://cardinsider.com/blog/how-does-balance-transfer-affect-my-credit-score/
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