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credit balance on credit card

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Anonymous
Not applicable

credit balance on credit card

If I have a credit balance on a credit card, will that adversely affect my credit score?
Message 1 of 8
7 REPLIES 7
Established Contributor

Re: credit balance on credit card

NO
Message 2 of 8
YoungEntrepeneur
Established Contributor

Re: credit balance on credit card

No, the balance for that account will show up as $0 on your credit reports.
Message 3 of 8
Anonymous
Not applicable

Re: credit balance on credit card

It will help your score, because it will report as zero balance.  Of course that only takes zero not a credit Smiley Very Happy
Message 4 of 8
Anonymous
Not applicable

Re: credit balance on credit card

Thanks for your help!  I agree!  I wish there would be something in the stimulus plan to help us savers... 
Message 5 of 8
Anonymous
Not applicable

Re: credit balance on credit card

Thanks for your help!
Message 6 of 8
Anonymous
Not applicable

Re: credit balance on credit card

There is:  lower interest rates meaning you pay less and can save more.  Of course, not paying any interest is best!
Message 7 of 8
YoungEntrepeneur
Established Contributor

Re: credit balance on credit card

Who can argue with that?
Message 8 of 8
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