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Regular Contributor
MontegoMack
Posts: 165
Registered: ‎01-21-2012

Negative Balance Reporting

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‎08-28-2012 10:48 PM - edited ‎08-28-2012 10:52 PM

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?

BofA Cash Rewards Signature Visa 5k
Chase Freedom 6.5k
BBRZ MC 800 (SD)
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Valued Contributor
Crashem
Posts: 2,351
Registered: ‎01-26-2012

Re: Negative Balance Reporting

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‎08-28-2012 11:11 PM

No.  It will report as 0 on credit report.

Amex Plat, Amex BCP 8k->24k (5/23/12), Amex TE 15k, CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k (8/20/12), HSBC 15k, JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k
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Established Contributor
bettercreditguy1
Posts: 653
Registered: ‎02-11-2012

Re: Negative Balance Reporting

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‎08-29-2012 02:21 AM

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 TU 733 EXP 735 (FAKO)
Updated scores 05/01/2013 EQ 761 TU 780 EXP 788 (Exp. equivalency)


Remember the Three P's: Pay early in Full, Pay on Time, Patience
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