Positive Balance

[Anonymous]

Quick question, how will a positive balance reporting affect my score? Increase or decrease, I overpaid by 64 cents. Will it report that or just report a $0 balance?

[NRB525]

It will report zero.

An interesting test if someone wants to try would be to pay all accounts to zero, which we know will negatively impact score, and overpay or push a CC account to a credit status. Probably the same result, 30 points or so negative, but the entertainment value to the rest of us would be priceless.

[Anonymous]

Are you not entertained! Lol, we’ll i can’t afford the test, maybe when my scores are higher I’ll give it a run

But thank you for answering that

[Anonymous]

If you overpaid then you likely have a negative balance.  The act of overpaying could not in itself cause you to have a positive balance.

Assuming you meant negative balance, a negative balance is reported as zero by all CC isuers.

[Anonymous]

Thanks CGID, the CSR for the company told me it was a positive balance so I just reused the terminology. However, what you said is what I meant

[Thomas_Thumb]

Too bad overpayments don't report as negative.

That could help maintain low aggregate utilization .

[RonM21]

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@NRB525 wrote:
It will report zero.

An interesting test if someone wants to try would be to pay all accounts to zero, which we know will negatively impact score, and overpay or push a CC account to a credit status. Probably the same result, 30 points or so negative, but the entertainment value to the rest of us would be priceless.

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  I'm down for entertainment.  Only I will not be supplying it.   And Op, when I somehow have overpaid before I have had the Lender send me a check for that difference on rare occasion.  One time Walmart sent me a check for 67 cents lol.

[Anonymous]

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@RonM21 wrote:

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@NRB525 wrote:
It will report zero.

An interesting test if someone wants to try would be to pay all accounts to zero, which we know will negatively impact score, and overpay or push a CC account to a credit status. Probably the same result, 30 points or so negative, but the entertainment value to the rest of us would be priceless.

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  I'm down for entertainment.  Only I will not be supplying it.   And Op, when I somehow have overpaid before I have had the Lender send me a check for that difference on rare occasion.  One time Walmart sent me a check for 67 cents lol.

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Thats crazy, but I'll have spent it before then. I'm just glad it will have no negative effects outside of a 0% uti showing. 

[Anonymous]

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@Anonymous wrote:

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I'm just glad it will have no negative effects outside of a 0% uti showing. 

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You have 5 cards.  Just for clarity, there is no penalty for one card reporting $0.  Only if all cards are reporting $0.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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I'm just glad it will have no negative effects outside of a 0% uti showing. 

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You have 5 cards.  Just for clarity, there is no penalty for one card reporting $0.  Only if all cards are reporting $0.

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I understand, I'm saying that in the reference of "cards showing usage" (from another thread debating azeo vs aggregate utility). Four of my cards will be at 0% when this one reports, except for the one I have at 55%, which I plan to lower this month. I'll bring that to below 8% and keep it there (I need the discipline)