08-09-2010 04:46 PM
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?
08-09-2010 04:54 PM
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
08-16-2010 06:46 PM
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!
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