CREDIT DUE TO OVERPAYMENT---WHAT TO DO?!

[rom828]

Asking for my daughter....

She unintentionally overpaid two credit cards ($37 on one, $103 on another) when paying  her cards down to '0'  to  improve her score (been trying to help her with all I've learned on this forum about utilization, etc---she has 8 cards total (retail & credit)  paid off, and with only 1 reporting, she got a 40 point jump!)

Does it have any effect on score to keep these credits?  Should she just charge am'ts  to offset to '0'?

Thanks for any advices!!

Message Edited by rom828 on 04-10-2008 09:33 AM

[Anonymous]

Credit balances report as $0 balances on credit reports.  These won't affect her score.

EDIT: She could request refund checks from her credit card companies for the credit balances.  Usually card issuers don't like credit balances. 

Message Edited by psychic on 04-10-2008 10:01 AM

[rom828]

Thanks for the prompt reply.

I'll advise her to request the refunds.  Just wanted to make sure the credits didnt have some sort of negative impact.

[MidnightVoice]

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rom828 wrote:

Thanks for the prompt reply.

I'll advise her to request the refunds.  Just wanted to make sure the credits didnt have some sort of negative impact.

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I just leave them there - then my next bill will be lower!

[Anonymous]

I would just use those cards to buy the next few tanks of gas.