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Question By
FRanger04

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Simulator shows big drop in credit score if you transfer balance from one card to another.,why?
I'm keeping account open and active.

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Top Contributor
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Don't put a lot of faith

in the simulators.  I have found that they aren't really very accurate and you can't really put in enough info to give you a real idea of what would happen. 

If you open a new account to do a transfer to, that would lower your score in the short run, but n the long run the new line of credit and lowering the old balance will help your score.  it generally takes ablout 2 or 3  months for scores to rebound.

Good luck

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