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Question By
angieann316

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Does a zero balance hurt your credit score?

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A zero balance on what?  Zeroing out an installment will close it out and there is a bit of a hit to credit mix if you close out your only installment.  With a revolver it depends on the number of revolving accounts that you have.  If you only have one revolving account there is a hit if a zero balance if reported.  if you have more than one revolving account then a single zero balance isn't a problem.

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Reply by
pennstate04

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that's not necessarily true. a zero balance with a payment and you will not "take a hit". paying your credit cards off before the end of the billing cycle, thus zeroing out any balance, but they still report a payment. that's the best of both worlds. now, if you never use the card, and have a zero balanace, it's not really helping you. it's not reporting on time payments.  it's not reporting any payments... on time payments + zero balance is optimal. 

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