Over Limit ... ?

[Anonymous]

I have a 'few' credit cards lol

3 of the 4 are now at a zero balance, BUT a couple of them are showing my 'high balance' as over the Credit Limit (no late payments, etc., and I of course immediately brought the balance down).  I don't know if the limits matter, but on one the CL is 11k, and the other is 12k. 

What sort of impact would a 'high balance', that is now paid off, have on my credit score?

Thanks!

[Anonymous]

I've been asking this same question for about a month. It might not have any effect on your UTL once the current balance is lower than CL. High Bal might not be a negative factor but a pos factor even if higher than CL? I don't know.

I am thinking High Bal is a mark to how much you've been able to charge and pay back. High Bal might not be factored in to UTL at all if CL is reported. I would like to know though.

I was also thinking Over The Limit is only when your BAL currently exceeds your CL. Once you pay it you may not be over the limit any more even if High Bal recorded it.

If anyone has ideas, please post.

[Anonymous]

It shows my current balance as ZERO, but it still shows the highest balance it's ever been as well, which happened to be a couple hundred OVER the limit, granted it was paid right back.

[Anonymous]

If you have multiple cards with banks they will usually let you move all credit lines to one card for a big purchase. Then you can move them back. The High Limit can be as high as all cards combined. When you split your credit lines back the High Limit would be WAY over the credit line. I was wondering what effect this would have on scores.

[Anonymous]

The High balance is only factored if there is no CL.