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Will Revolving Account report a -$29 and show on CR?

Frequent Contributor

Will Revolving Account report a -$29 and show on CR?

Question for my fellow MFer’s - I have a card that currently has a -$29. Will it report like that or just show $0
BB&T Spectrum Rewards, Discover IT, Capital One Platnium, Open Sky, Green Dot, NFCU Go Rewards - AU Citi Sears, Capital One Quicksilver, Amex Cash Magnet, Amex ED, Chase Sapphire Preferred, NFCU Plat, Chase FU

Started 6/6/2018 EX - 588 ; EQ - 667 ; TU 575
Updated 11/2018







17 REPLIES
Established Contributor

Re: Will Revolving Account report a -$29 and show on CR?

Every time I've had a negative(well positive)(no negative) whatever,  balance, it reported as zero. 

Message 2 of 18
Community Leader
Super Contributor

Re: Will Revolving Account report a -$29 and show on CR?

$0
Message 3 of 18
Valued Contributor

Re: Will Revolving Account report a -$29 and show on CR?

Reporting a negative balance is gonna cost you about 25 points.
Message 4 of 18
Highlighted
Mega Contributor

Re: Will Revolving Account report a -$29 and show on CR?


@oldman87 wrote:
Reporting a negative balance is gonna cost you about 25 points.

So about 1 point per $?

Message 5 of 18
Established Contributor

Re: Will Revolving Account report a -$29 and show on CR?

Huh? If negitve balances don't report as such, than how could reporting as a negitve balances cost any points? If all accounts are zero, sure that will cost some points. It will report as zero and impact your credit the same as any other zero balance. I'm I missing something here?
Message 6 of 18
Super Contributor

Re: Will Revolving Account report a -$29 and show on CR?


@OpenG wrote:
Huh? If negitve balances don't report as such, than how could reporting as a negitve balances cost any points? If all accounts are zero, sure that will cost some points. It will report as zero and impact your credit the same as any other zero balance. I'm I missing something here?

The OP wanted to know if negative balances reported as a negative balance or simply $0.

 

If you're referring to OM and LTL, they are just messin' around Smiley Wink

Message 7 of 18
Valued Contributor

Re: Will Revolving Account report a -$29 and show on CR?

As they all said, it will be $0. The other two are joking lol. You should be good.
                                            

Total Credit: $218,900Utilization: 1%AAoA: 5yrs, 5mthsInstallments: Car Lease, Marcus LoanBaddies: 0On Chop Block: Nobody NA

             
             
                          DSC-27.1K | NFC-25K | ALI-25k | WAL-10k | BoA-22k | BB-12k | NFL-15k | LOW-35k | AMX-19.3k | CHA-10k | PF-8.8k | C-DC-9.7k
Message 8 of 18
Frequent Contributor

Re: Will Revolving Account report a -$29 and show on CR?

Pefect Old Man! I'm looking to blow my CR to pieces as quickly as possible. I'm maxing everything out and bouncing out! Holla! 

BB&T Spectrum Rewards, Discover IT, Capital One Platnium, Open Sky, Green Dot, NFCU Go Rewards - AU Citi Sears, Capital One Quicksilver, Amex Cash Magnet, Amex ED, Chase Sapphire Preferred, NFCU Plat, Chase FU

Started 6/6/2018 EX - 588 ; EQ - 667 ; TU 575
Updated 11/2018







Message 9 of 18
Established Contributor

Re: Will Revolving Account report a -$29 and show on CR?

@BrutalBodyShots
Yes, I was referring to Oldmans post. I realize Oldman likely knows better, but not all the kids reading will. Allways good to have some clarification.
That and the fact that some times I'm really am missing something.
Message 10 of 18