Check if you will get the balance transfer deal you want before ruining your credit score
Asking for too many balance transfer cards can damage your credit rating
Customers can now avoid damaging their credit scores unnecessarily by checking if they will get the balance transfer deal they want before applying.
Asking for too many balance transfer cards can damage your credit rating.
Now, credit report company Experian has launched a service that lets people enter their details online, including how much debt they want to transfer. They will then be shown cards they can get that best match their needs.
Such deals are often used to reduce interest payments.
Amir Goshtai, Experian Marketplace managing director, says: ‘We are making it more transparent for consumers.’