Moving debt around

The most effective way of improving your credit score is always paying down your outstanding debt. Moving debt from one credit card to another will almost never increase your score. In fact, many times consolidating all of your credit cards into one revolving credit line can decrease your credit score.

Having $5000 in credit card balances spread evenly over 5 credit cards is always a better bet than having $5000 on one credit card when the limit on that card is $5000.

Feel free to contact me with any questions or comments!

Nikitas Tsoukales
President
Virgin Credit
686 Morton Street
Boston Ma 02126
617.265.7900 office
Nikitas.Tsoukales@VirginCreditRepai.com
www.VirginCreditRepair.com