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Negative Balance Reporting

Frequent Contributor

Negative Balance Reporting

I requested a refund of my $59AF on my BBRZ MC. Not realizing it, I now have a -$59  balance on my BBRZ and it may be reported on all 3 credit reports. Generally, it always reports a $0 balance while one of my other credit cards has a reporting balance of <10%.

 

How does a negative balance (think: overpaid) impact a FICO score?

Amex Platinum - Amex BCP - Chase Freedom - NFCU Platinum -
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2 REPLIES
Valued Contributor

Re: Negative Balance Reporting

No.  It will report as 0 on credit report.

               LIMITS IN CARD DESCRIPTIONS
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Established Contributor

Re: Negative Balance Reporting

When you over pay a credit card balance due or recieve a credit/refund, thus creating a negative balance, reporting always shows ZERO.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico)XP 735 (FAKO)
Updated scores 05/01/17 EQ 824, TU 812 EXP 810 (all Fico scores) Remember the Three P's: Pay early in Full, Pay on Time, Patience
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