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Negative Credit Card Balance


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5 replies to this topic

#1 cal3850

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Posted 06 May 2011 - 02:59 AM

Hi,

Does carrying a large negative balance on your credit card hurt your credit score?



#2 BW1216

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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 blackangst

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Posted 06 May 2011 - 10:30 AM

Not necessarily. It will report as a 0 balance though.

#4 Roland99

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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.

#5 BobWang

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Posted 17 June 2011 - 10:25 AM

I often have credit balances.
They report as a zero balance.

#6 JaseT

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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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