Last Updated on Dec 20, 2019 by James W

A negative statement in your credit score has been shown to be one of the most disturbing problems in the personal financial management. People with a low credit score usually tend to interfere with difficulties in credit payments, due to numerous individual reasons. Still, this is yet another important matter to tackle – since a negative statement is everything but not necessarily what one would seriously wish for. Although being not at all enjoyable, some things are ought to be more than looked into for further details – and possible solutions. These being said, in case you are looking forward to knowing more concerning the subject, make sure to stick with us and keep an eye onto the following lines in order to see whether or not will it affect your credit score if your statement is negative!

  1. No, as Long as Your Monthly Balance is on the Plus

Whenever you are thinking whether or not your negative statement might have something to deal with your credit score on the long term, you should know that the answer is quite relative – but immensely rational. If you have a negative statement each day but during the day in which the monthly deadline kicks in everything is rather fine, it means that your credit score is not at all affected by anything. This equation happens due to the fact that a negative statement is considered (and perceived) rather as a zero one, which means that you are close to getting the outcome expected while not being affected by the end result. And no worries, we all know what does it mean to have good and less good days, so do not you worry of the general outcome.

  1. If You Are Keen On a Negative to Zero Statement
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Now, even though you might enjoy spending money on a whim each and every day, you should know that keeping your balance on the negative side (or even to zero) might not be exactly the best choice for you. This happens due to the fact that usually, this might lead the lenders to the idea that you are not managing your financial resources as expected and thus, there will still be reasons to get you back (or have you paying a higher interest rate) when in reality there should be none. On the other hand, this is an important tip that is ought to make you more than aware of each problem that you might start to interfere with, as soon as this problem kicks in – and cannot be solved in such a short period of time. Anyhow, keeping your statement on the plus is your go to choice for a long period of time – to finally obtain the outcome expected.

  1. Having More Credit Cards

Usually, when you have more credit cards, you can handle more financial aspects all at once. This is due to the fact that a higher number leads you to the idea that borrowed money from one place or the other can make your personal financial management skills improve in a short period of time. Moreover, your credit cards can help you obtain just what you wish for, since having money on a higher number of cards can definitely take you places. Believe it or not, some of them are even able to provide you with special offers on the go, which in turn might make you want to use it more and more – but this is not necessarily a bad thing. Still, it is rather important to remember just what can you use each and every card for, so your ideas and priorities do not mix in between. Departing with this idea, your mind will be all set up for the good.

  1. Maintaining a Zero Balance
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Regardless of how hard it might get at some point, maintaining an upper zero balance is one of the best financial moves that you can make in such a way to improve your credit score. It means that you will be quite close to making your life better than before, with the bank keeping an good eye on you. Believe it or not, as much as $1 is bound to make you more than excited, since this means that your balance is not negative – not zero. This is yet another financial strategic move which is ought to make you feel better than ever before with the total result.

These being said, what are you still waiting for? Have you already managed to make up your mind and see whether or not will it affect your credit score if your statement is negative? We already know the answer, but it is great to be able to prove it to yourself as well. Looking forward to hearing your views on the matter.


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