Balance Transfers Do they Hurt you?

Discussion in 'Credit Talk' started by lucas222, Apr 17, 2004.

  1. lucas222

    lucas222 Well-Known Member

    My question is do multiple balance transfers hurt your credit? I know a balance transfer does ding your fico, but does it hurt your fico "more so" if you do 2 or 3 BT with-in a year. Anyone had any direct experience with this.
    thanks,
    Lucas
     
  2. chipper

    chipper Well-Known Member

    Why would you think a bt would hurt you?
     
  3. lucas222

    lucas222 Well-Known Member

    BC they hurt your score, that i know, i'm asking if you do more than one per year does it really bring down your score?
    Lucas
     
  4. chipper

    chipper Well-Known Member

    I have done several bts without a difference in my score, as my debt ratio stays the same, which is why i asked.
     

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