Reply
Established Member
Posts: 22
Registered: ‎11-21-2008
0

consolidated credit cards

I just was approved for a NFCU card for 5k @ 11%. My question is I have 3 cards over 60% util. totaling about $4500  How would it effect my score to tranfer these balances all on this card? My highest is a Cap One $3500 @ 22%. I also have $1000.00 extra coming in at the end of Feb.

Valued Contributor
Posts: 1,115
Registered: ‎10-31-2011
0

Re: consolidated credit cards

Its hard to tell but it would be a good idea since you can save money on interest..Just try to pay it off as soon as possible.

ccpics2.jpg
Regular Contributor
Posts: 150
Registered: ‎05-16-2007
0

Re: consolidated credit cards

+1. Youre paying $64/mo in interest on Cap1 and would be paying $32 on NFCU.

Starting Score: 475
Current Score: 649
Goal Score: 690


Take the myFICO Fitness Challenge
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.