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Added January 28, 2011 from: Beverly Blair Harzog
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Answered By Beverly Blair Harzog:
Any credit card has the potential to improve your credit score if you pay your bills on time and don't go over your limit. Your goal must be to pay off your balance during the term of the balance transfer offer while you don't have to worry about accruing interest.

Don't assume that you've been approved for a new card and stop paying your current card issuer. You should continue to make payments to your current issuer until you receive written notice that you've been approved for the balance transfer. Upon approval, the new card issuer will pay the amount of the balance transfer to your prior card issuer.

If you don't get approved for the card, just continue to pay down your debt and make payments on time. With persistence, your score will start to rise.

This question is about:  Balance Transfers
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