topic Re: Credit score down 14 pts bal transfer in General Credit Topics

Credit score down 14 pts bal transfer

fritscher — Sat, 20 Apr 2019 01:46:26 GMT

I did 3 balance transfers last week. Scores went down as it said account increased by 1475 ans another alert said balance o. One of mt accts i creased by 3200. Bummer. Hope scores go back up

Re: Credit score down 14 pts bal transfer

mikesonthemend — Sat, 20 Apr 2019 02:07:48 GMT

Any month that doesn't include a new account, or inquiry, and your debt lowers with no payments missed will improve your score.

edited: grammar

Re: Credit score down 14 pts bal transfer

Lucifer — Sat, 20 Apr 2019 02:02:45 GMT

I once did a large BT but for 2 weeks my scores tanked as the BT amount was reporting on both the accounts.

I went down 30 points.... and then bounced right back.

But for like two weeks I was like.....please no one soft pull me to check up on me right now....especially AMEX.....pleaseeeeeeee

hahaha... But it really didnt matter all that much. I wasn't going for any loans or anything at that time.

Re: Credit score down 14 pts bal transfer

AverageJoesCredit — Sat, 20 Apr 2019 11:54:47 GMT

Yup happens to me all the time. The crossfire. Happens to report both balances and then it looks like you owe twice as much. Stinks but eventually catches up

Re: Credit score down 14 pts bal transfer

Anonymous — Sun, 21 Apr 2019 19:14:51 GMT

@fritscher wrote:
I did 3 balance transfers last week. Scores went down as it said account increased by 1475 ans another alert said balance o. One of mt accts i creased by 3200. Bummer. Hope scores go back up

I did a BT myself and my score went down 14pts as well, I mean do I expect my score to go back up? Yes after I pay the balance at the end, but im going to do it again next month, to show the creditor I can pay my payments and large ones....what do you expect your scores not to drop?