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New Member
themoreyouknow
Posts: 5
Registered: ‎03-26-2009

credit balance on credit card

If I have a credit balance on a credit card, will that adversely affect my credit score?
Established Contributor
Posts: 513
Registered: ‎04-03-2007

Re: credit balance on credit card

NO
Established Contributor
YoungEntrepeneur
Posts: 586
Registered: ‎03-03-2009

Re: credit balance on credit card

No, the balance for that account will show up as $0 on your credit reports.
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008

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 :smileyvery-happy:

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
New Member
themoreyouknow
Posts: 5
Registered: ‎03-26-2009

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... 
New Member
themoreyouknow
Posts: 5
Registered: ‎03-26-2009

Re: credit balance on credit card

Thanks for your help!
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008

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!

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Established Contributor
YoungEntrepeneur
Posts: 586
Registered: ‎03-03-2009

Re: credit balance on credit card

Who can argue with that?

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