First, let me explain what "balance chasing" means. If you own a credit card and carry a balance, you may have recently received a letter in the mail from your creditor telling you they’ve lowered your balance. Maybe you originally had a $6,000 balance, they cut it down to $4,000 and you owe $3,900. This is balance chasing, and here is some advice on how to deal with it.
Balance chasing is when your creditor cuts your balance down to just above what you owe. They do it because they’re trying to reduce risk, but they also stand to... Articles Tagged ‘balance chasing’
Why Balance Chasing Can Hurt Your Credit Score
First, let me explain what "balance chasing" means. If you own a credit card and carry a balance, you may have recently received a letter in the mail from your creditor telling you they’ve lowered your balance. Maybe you originally had a $6,000 balance, they cut it down to $4,000 and you owe $3,900. This is balance chasing, and here is some advice on how to deal with it.
Balance chasing is when your creditor cuts your balance down to just above what you owe. They do it because they’re trying to reduce risk, but they also stand to...
Monday, June 28th, 2010
First, let me explain what "balance chasing" means. If you own a credit card and carry a balance, you may have recently received a letter in the mail from your creditor telling you they’ve lowered your balance. Maybe you originally had a $6,000 balance, they cut it down to $4,000 and you owe $3,900. This is balance chasing, and here is some advice on how to deal with it.
Balance chasing is when your creditor cuts your balance down to just above what you owe. They do it because they’re trying to reduce risk, but they also stand to... 
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