Great question! The short answer is, it could - but not directly.
Moving high-interest credit card debt to a card with a lower rate — or, better yet, a 0% interest period — can save you a lot of money, making it easier to pay down what you owe.
As the cornerstone of a debt-reduction plan, a balance transfer can be a very smart move, but it won’t affect your credit score much. At least, not directly.
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