BT effect.

[Red1Blue]

I did a balance transfer to nfcu account from 3 accounts. Looks like the nfcu balance reports sooner than the updated other accounts. Which would make my util went up until the paid off cards reports as zero. Will it have any effect on my accounts due to the temperoray high util reporting.

[GregB]

I assume you mean you used a BT offer from NFCU to pay down 3 other accounts. Don't know if that is "to" or "from" NFCU but the balance at NFCU went up and the others went down, right?

If the new, higher balance at NFCU reports then it looks like you have a much higher debt until the 3 lower balances report. Hopefully, no creditor will get spooked by the change. And hopefully, the other accounts will report soon.

I frequently have big swings in my reported balances for years and have only had one creditor, Chase, get spooked by a short term big increase. Calling them and showing them that 10 days later, things looked normal again did no good.

[Red1Blue]

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@GregB wrote:

I assume you mean you used a BT offer from NFCU to pay down 3 other accounts. Don't know if that is "to" or "from" NFCU but the balance at NFCU went up and the others went down, right?

If the new, higher balance at NFCU reports then it looks like you have a much higher debt until the 3 lower balances report. Hopefully, no creditor will get spooked by the change. And hopefully, the other accounts will report soon.

I frequently have big swings in my reported balances for years and have only had one creditor, Chase, get spooked by a short term big increase. Calling them and showing them that 10 days later, things looked normal again did no good.

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You read my mind.