Credit Cards Center Credit cards from our partners
Regular Contributor
Posts: 181
Registered: ‎07-10-2010

CL lowering question

I have 2 CC's (chase and boa) that are close to their limits. I have a big baddie that was removed from TU and EQ, and will soon be gone from EX (hopefully -- the creditor sent a letter to the CA's to remove them, but EX didn't. they're sending a second removal letter to EX). When the baddie was off TU and EQ, both jumped 100 points up. I'm hoping the same will happen when it's gone from EX.


I want to pay off the 2 CC's, but I don't want my credit limit to be lowered when I do so. How soon after the baddie is off EX will the CC's get my score/report? I don't want to pay them off until I know for sure the CC's know my current score/report, to lessen the chance of them lowering my limit. Any advice?

Epic Contributor
Posts: 28,985
Registered: ‎10-23-2007

Re: CL lowering question

it's hard to say, BofA has been going crazy over the last year with cutting and closing CL's.  Chase you might be able to sneak by if you lay low for a little bit after paying them off. Credit Reports should be updated pretty much right away when company sends fixes

Valued Member
Posts: 49
Registered: ‎07-28-2009

Re: CL lowering question

I recently felt the pain of a lowered CL via US Bank. I was approved for a CC with a $1000 CL in Feb and one day last month, I noticed that my limit was slashed by 50%!! Down to $500!! The changes in my credit profile has only been better since being approved (no lates, collection dropped off, never over limit, late or carry a balance). I wonder if it was b/c they weren't making any money on me? LOL. I have 2 checking accounts, a savings and line of credit with US Bank and willing to close them all and go with a CU. I am going to meet with the branch manager that set me up this week to basically tell him to fix this or I walk. We'll see how this goes! Smiley Happy

Starting Score: 711
Current Score: 770
Goal Score: 780

Take the FICO Fitness Challenge

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.