Reply
Established Member
lemers718
Posts: 22
Registered: ‎11-21-2008

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
beb86
Posts: 1,117
Registered: ‎10-31-2011

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
Kevin5974
Posts: 117
Registered: ‎05-16-2007

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: 494
Goal Score: 650


Take the myFICO Fitness Challenge

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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+