After you've consolidated all your high interest rate credit card balances to a low interest rate balance transfer credit card, don't use your old credit cards for a while. If you do rack up large bills on your accounts it will negatively affect your credit score. Lenders like to see that you can handle credit responsibly and that you have credit to spare. Now that you've done your balance transfer, use the opportunity that the low interest rate gives you to put your extra money toward the debt you already have instead of incurring new debts.

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