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

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Anonymous
Not applicable

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
17 REPLIES 17
Pikaboo-icu
Valued 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
FinStar
Moderator Emeritus

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

$0
Message 3 of 18
Anonymous
Not applicable

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
longtimelurker
Epic Contributor

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


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

So about 1 point per $?

Message 5 of 18
Anonymous
Not applicable

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
Anonymous
Not applicable

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


@Anonymous 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
RonM21
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 CL: $321.7kUTL: 2%AAoA: 7.0yrsBaddies: 0Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping

BoA-55k | NFCU-45k | AMEX-42k | DISC-40.6k | PENFED-38.4k | LOWES-35k | ALLIANT-25k | CITI-15.7k | BARCLAYS-15k | CHASE-10k

Message 8 of 18
Anonymous
Not applicable

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! 

Message 9 of 18
Anonymous
Not applicable

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
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