Maxed out vs UTI

[Anonymous]

Ok, so I have posted previously about if I should do a BT or not and got some great advice. So, I was wondering how my score would be effected once its completed (the BT). Once the transfer goes through, the card will be ~95% utilized - Im only doing this because the card currently has a 0% APR. My total UTI is around 32% so its not terrible - not good either :/ . I was currious as to how much this will harm my score and how long it should take to recover. I dont plan on applying for anthing for another 2 years but Im just paranoid that my score wont recover quickly or will take more than 2 years to do so.  Any insight is appreciated =) 

[DaveSignal]

Util effects your FICO instantly.   So, whatever month you pay it down, thats exactly when your FICO goes back up.

[Roarmeister]

If you are not applying for new credit for another 2 years, it probably won't hurt you at all.  Yes your score may go down a bit for a couple of months because your debt is concentrated on one card.  But at the same time your total utilization probably hasn't changed much?  Just transferring your existing debt?  By the time you actually seek out new credit, I am assuming you should be able to pay down that one card or pay off in full?  Meanwhile since you are paying less interest now, you are saving money which means you are ahead financially. 

Bottom line - don't sweat it.

1 caveat though -- if you do not pay off your card before the introductory rate expires you will be paying full rate and you won't have improved your financial position.