Does it hurt your credit if have an unpaid but not overdue credit card balance?
- STEPHENLv 71 month ago
It isn't "unpaid" until it's after the due date.
- SlickterpLv 71 month ago
Yes, it brings your score down a bit.
- curtisports2Lv 71 month ago
It's not unpaid until it is not paid by the due date. You can spend up to your limit and as long as you pay the full amount of charges during that billing cycle by the due date for that billing cycle, you are on time. If you only make the minimum payment by the due date and you start carrying balances over into future billing cycles, then your score can drop from your utilization rate going too high.
- BillLv 71 month ago
It could, as the lender will compare your income to debt ratio to determine if you have adequate income to cover your operating expenses.
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- StephenWeinsteinLv 71 month ago
Yes. but what matters is the allocation percentage (unpaid balance divided by credit limit) rather than the absolute number of dollars.
- Anonymous1 month ago
Depends on how much it is, the larger the % of your limit the more it hurts. Even 5% can hurt it a few points. But as soon as its paid off, it goes back up...with a slight delay. Its not real time. Can be 2-6 weeks.
- MichaelLv 71 month ago
It hurts your wallet more than your credit. Credit card interest is ridiculously expensive.
- David B.Lv 71 month ago
It actually depends on what the balance is as compared to your available credit is. If it is over 40% the answer is yes.
- PAMELALv 71 month ago
No, not if you are making regular payments on the card.
- DEBSLv 71 month ago
A little, but it is only temporary. If a company runs your credit at the point where you have a significant balance even if it is only a few days old, it could show that you have a high percent of your available credit used. This brings your score down a little bit. If you pay it the next day, it will be better. This can be important if you're applying for an auto or home loan and a few points matter. Keep an eye on the balance even if it is not late.
Otherwise, you need to be 30 days late for it to affect your credit negatively. You can't get that hit off your credit by simply paying it. Those involve time as well.