Hi,
Does carrying a large negative balance on your credit card hurt your credit score?
Negative Credit Card Balance
Started by
cal3850
, May 06 2011 02:59 AM
5 replies to this topic
#1
Posted 06 May 2011 - 02:59 AM
#2
Posted 06 May 2011 - 04:54 AM
Hi,
Does carrying a large negative balance on your credit card hurt your credit score?
No, but it probably doesn't help either. I'd imagine it might make scoring models just think it's $0.
#3
Posted 06 May 2011 - 10:30 AM
Not necessarily. It will report as a 0 balance though.
#4
Posted 17 June 2011 - 10:13 AM
I have two accounts that are about to report with negative balances.
Actually, my Paypal is about a $16 credit but it just reported the other day as $0. My Target is about a $3 credit and I'll find out what it shows after the end of the month.
Actually, my Paypal is about a $16 credit but it just reported the other day as $0. My Target is about a $3 credit and I'll find out what it shows after the end of the month.
#5
Posted 17 June 2011 - 10:25 AM
I often have credit balances.
They report as a zero balance.
They report as a zero balance.
#6
Posted 17 June 2011 - 10:44 AM
I often have credit balances.
They report as a zero balance.
+1
My PenFed Visa always has a negative balance when it reports due to the cashback rewards posting.
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