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Credit Card Applications » Credit Card Questions » Other Questions » i'm trying to do a balance transfer however my credit score with transunion is 656 what would be...

i'm trying to do a balance transfer however my credit score with transunion is 656 what would be...

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Date:
May 12, 2007, 5:27 pm
i'm trying to do a balance transfer however my credit score with transunion is 656 what would be my best credit card option
Answer:
If you are eager to reduce your current debt and save money balance transfer is a good way to do it. Many banks nowadays offer the service of reallocating your balance from a high interest credit card to a better one. The majority include 0% intro APR for a period from 6 to 12 months, no annual fee and other favorable terms. However generally the balance transfer credit cards are available only for people with good or excellent score. So, before applying for such cards you must be sure that your score is high enough, otherwise you’ll be denied and your score will be damaged. Your score is 656 which is considered fair. So please try to improve it first. Pay all the bills on time, keep your balances as low as possible, don’t open new credit lines and consider your reports regularly. Keep in mind that must take into cinsideration not only Transunion score, but scores from all three bureaus - they may differ, and lenders generally look at the lowest one. When your score will reach the good level, try to apply for a balance transfer card.
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