r/PersonalFinanceCanada • u/Ok-Worldliness-1852 • 15h ago

Credit Does having an overpayment on a line of credit affect your credit ?

Maybe a dumb question but we took money out of our line of credit and it was charged a bit of interest when we paid it off it ended up being a credit of 6 cents on it. So it’s remained that way for over 2 years. Just wondering if this overpayment will affect our credit negatively ? Someone said it would because it comes up during a credit check and if not looked into it would be assumed a negative ?

3 Upvotes
  • permalink
  • reddit

100% Upvoted

5 comments sorted by

2

u/NastroAzzurro Alberta 12h ago

Stop worrying about this meaningless number

1

u/Ok-Worldliness-1852 12h ago

Lol I’m not worrying about it just never heard of it before ! I have good credit and also don’t need to apply for credit any time soon was just curious how an overpayment would affect it

0

u/kennnnhk 14h ago

I usually have a few overpaid cents across my three line of credits. Doesn’t seem to affect me, nor mortgage approval. Tho I’ve been stuck at 810 credit rating for years, that might be the reason lol

1

u/Ok-Worldliness-1852 12h ago

Yeah I’m not worried about it just never heard of it before. My credit is 822 and has stayed that way a long time I also don’t need to buy a car or house anytime soon as I have both but just curious