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Old 02-13-2013, 10:44 PM
 
164 posts, read 265,150 times
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Do Credit Card companies report returned items to the credit bureaus? I was wondering because I was thinking that if you buy something for $500 and make a $500 payment when the next statement comes out, I figured that I could just return the Item and either get a check sent to me for the remaining balance. maybe I could use this tactic to boost my credit score.
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Old 02-14-2013, 01:38 AM
 
64,629 posts, read 66,158,228 times
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no , they only care about you paying what is due on time.
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Old 02-14-2013, 09:38 AM
 
Location: home state of Myrtle Beach!
6,235 posts, read 18,133,606 times
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Quote:
Originally Posted by mathjak107 View Post
no , they only care about you paying what is due on time.
but also your balance vs income.
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Old 02-14-2013, 11:36 AM
 
86 posts, read 224,045 times
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They would only report your balance, positive or negative.

If you left the negative balance on your account, it may reduce your overall utilization score. If you have no other credit card balance, this will do nothing.

If you cash it out, you would just have a 0 balance.
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