http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Credit-Line-Consolidation-Impact-on-Fico-Score/m-p/1687720#M67160 <p>Any time you gain more available credit, you are helping your score. So adding that $12,000 in available credit dropped your utilization. Just try not to max out a card above 80% utilization in an effort to do a transfer as that can also impact your score.</p> Wed, 07 Nov 2012 19:04:59 GMT Dustink 2012-11-07T19:04:59Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Credit-Line-Consolidation-Impact-on-Fico-Score/m-p/1687574#M67157 <p>My current Utilization is 66%. I applied for two credit cards and got a limit of 4000 and 8000.</p><p>Current Score: 660 myFico</p><p> </p><p>Bank of America: 10000/10500  balance.</p><p>HSBC:  1900/2605  balance</p><p>Discover : 2100/2500 Balance</p><p> </p><p><br>Now i'd like to bring all the cards under 50% Utiliztion by combining the two credit cards into one 4000+8000= 12000</p><p>Then, Balance transfer 10500/2 + (2605/2 - 1900) + (2500/2 - 2100)  into the 12000 credit card.</p><p> </p><p>Would it hurt or improve my Fico score with the above scenrio.</p><p> </p><p>Thanks in advance</p> Wed, 07 Nov 2012 17:26:08 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Credit-Line-Consolidation-Impact-on-Fico-Score/m-p/1687574#M67157 shorttough 2012-11-07T17:26:08Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Credit-Line-Consolidation-Impact-on-Fico-Score/m-p/1687720#M67160 <p>Any time you gain more available credit, you are helping your score. So adding that $12,000 in available credit dropped your utilization. Just try not to max out a card above 80% utilization in an effort to do a transfer as that can also impact your score.</p> Wed, 07 Nov 2012 19:04:59 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Credit-Line-Consolidation-Impact-on-Fico-Score/m-p/1687720#M67160 Dustink 2012-11-07T19:04:59Z