Using a balance transfer card for debt consolidation can hurt an individual's credit score if the transfer results in a higher single-card utilization rate.

Authors

• Person: Ben Luthi Organization: Experian
  Bankruptcy vs. Debt Consolidation: Which Is Better for You? - Experian

Sources

• Bankruptcy vs. Debt Consolidation: Which Is Better for You? - Experian www.experian.com Ben Luthi · Experian via serper

Referenced by nodes (3)

• debt consolidation concept
• credit utilization ratio concept
• credit score concept