03-12-2014 02:33 PM
03-12-2014 02:36 PM
You then have to pay off the balance under the same conditions as now (APR, minimum etc). However, your CL no longer exists, so this is generally bad for your utilization.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO