Problems with last balance statement is negative?

[Anonymous]

Due to a refund amount on the closing date, my credit card had a negative outstanding balance and it was posted to the last statement. I want to know that if a negative balance statement has a bad effect on my credit score? Because I heard that zero balance is not good and a utilization ratio of below 10% is best.

Thank you.

[Anonymous]

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@Anonymous wrote:

Due to a refund amount on the closing date, my credit card had a negative outstanding balance and it was posted to the last statement. I want to know that if a negative balance statement has a bad effect on my credit score? Because I heard that zero balance is not good and a utilization ratio of below 10% is best.

Thank you.

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Bankers might conclude you have so much money that you are loaning back money to the lenders themselves.  They will be understandably horrified.

[FinStar]

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@Anonymous wrote:

Due to a refund amount on the closing date, my credit card had a negative outstanding balance and it was posted to the last statement. I want to know that if a negative balance statement has a bad effect on my credit score? Because I heard that zero balance is not good and a utilization ratio of below 10% is best.

Thank you.

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Negative balances are reported as zero on your CRs.  This should not be a negative factor unless all your accounts/tradelines are presently reporting a zero balance on your CRs.

[09Lexie]

FinStar is correct, a credit or negative balance will report as a zero balance.  While it's been stated that a score may drop if all balances are zero, unless you are applying for something soon your utilization is just a snapshot; you have plenty of time to change the %

[Anonymous]

I just have only one credit card. That means my credit score will be affected . How can I do now ?

[Skye12329]

scores flucate all the time it will go back up once a balance reports like a small balance.