https://ficoforums.myfico.com/t5/General-Credit-Topics/Balance-Transfers/m-p/31884#M23601 <DIV>I have heard that balancing transfering can hurt your score because you are opening up new credit, but what if you are doing it between already opened credit? Does it still have a negative effect on your score?</DIV> Thu, 12 Jul 2007 15:00:49 GMT Anonymous 2007-07-12T15:00:49Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Balance-Transfers/m-p/31884#M23601 <DIV>I have heard that balancing transfering can hurt your score because you are opening up new credit, but what if you are doing it between already opened credit? Does it still have a negative effect on your score?</DIV> Thu, 12 Jul 2007 15:00:49 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Balance-Transfers/m-p/31884#M23601 Anonymous 2007-07-12T15:00:49Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Balance-Transfers/m-p/31893#M23609 <DIV>Welcome.. Please read the Scoring 101 thread. <BR /><BR /><A href="http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&amp;thread.id=2654" target="_blank">http://ficoforums.myfico.com/fico/board/message?board.id=ficoscoring&amp;thread.id=2654</A></DIV> <DIV>&nbsp;</DIV> <DIV>What is your current util? </DIV> Thu, 12 Jul 2007 15:16:04 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Balance-Transfers/m-p/31893#M23609 Tuscani 2007-07-12T15:16:04Z