Transfer Balances Simulator Results Sample - FICO Standard

FICO® Standard

FICO® Standard lets you choose individual credit scores and reports from TransUnion and Equifax. FICO® Standard may be right for you if:

  • You’ve already purchased one or two credit scores in the last three months.
  • You’re about to rent an apartment, buy a cell phone or make a similar purchase.
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Simulator Results

Your current FICO® Score is 707

Your simulated FICO® score would be in the following range:

692 - 722

Transfer Credit Card Balances

Carrying extremely high balances on all of your revolving accounts makes you look "maxed out" on your available credit. It is often considered a high-risk trait by lenders and the FICO® score.

In this simulation, the impact to your FICO® score will depend on how high your current balances are on your revolving accounts. If you already carry high balances, the impact will probably be minimal. The impact will be more noticeable if you currently have a low or medium balance.

(Remember, even if you pay your credit cards in full each month, the balance shown on your credit report may not be $0. Instead, it will reflect your account balance at the time your lender supplied the update to the credit reporting agency.)

Bottom Line: Carrying very high balances on all of your revolving accounts will have a negative impact on your FICO® score.