Re: Will Revolving Account report a -$29 and show ... - Page 2 - myFICO® Forums

RobertEG · ‎12-07-2018

The common credit reporting manual used by the big-4 CRAs, titled the Credit Reporting Resource Guide, explicitly addresses this issue,and thus the answer is not speculative if you are referring to EX, EQ, TU, or Innovis.

Anthing under $1 is shown as $0. There are no negative balances in your credit file, only with the creditor.

Anonymous · ‎12-07-2018

Robert, while this is splitting hairs and doesn't relate specifically to the OPs negative balance question, are you certain that any balance under $1.00 is reported as $0? I'd have to go through some old statements and cross reference them with my credit reports, but I've got a feeling that a $.99 statement balance has reported as $1 in the past from a lender of mine.. I'm thinking it was capital one but not certain without doing some digging.

FinStar · ‎12-07-2018

Robert is correct when it comes to specific lenders, some write-off anything less than $1 which yields the $0 reporting. Others will report $0 even if the balance statement cycles with $1. I have tested this with a variety of CCs.

But, for the sake of the OP's original question, and not go off on another tangent, negative balances are reported as what's been already captured above.

RobertEG · ‎12-07-2018

Yes, the Guide appears to permit rounding, so $.99 could be reported as $1.

The CRRG states as follows:

"Report the total current balance of the account, whether increasing or declining, in whole dollars only. This field can include late charges and fees. Report credit balances (negative balances) as zero."

SouthJamaica · ‎12-07-2018

@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?

that was a joke.... turn your internet sarcasm meter on