Reply
New Member
tonid
Posts: 3
Registered: ‎01-02-2009
0

they cut my credit amount

i got a letter in the mail that stated sams club was cutting my credit limit from 500 tp 240???? i have never been late i have had the card for a year i have never gone over the limit

i think i am just mad they did that to me it took me almost 12 years to finally pay off all the crap my x huby left and get it i am sooo mad

do they have a right to do that

Super Contributor
concorduser
Posts: 6,026
Registered: ‎09-18-2007
0

Re: they cut my credit amount

 Some times computers do review. Call them and ask them to see if they can restore the CL, I have seen cases where it worked before.
Frequent Contributor
PayingTheBills
Posts: 353
Registered: ‎01-29-2009
0

Re: they cut my credit amount

Here's the backdoor number from the stickied thread about backdoor numbers:

800-301-5546

 

Give them a call and ask them to restore your limit.  Worst they can do is say no.


Starting Score: 540 EQ 517 TU on 11/17/08
Current Score: 668 EQ 715 TU
Goal Score: 760 EQ 760 TU


My Credit Repair Journal
Moderator Emerita
Community Leader
Epic Contributor
haulingthescoreup
Posts: 28,098
Registered: ‎04-01-2007
0

Re: they cut my credit amount

Sorry to hear this happened to you!

A lot of banks are pulling back extended credit, and we're left dangling. It often has nothing to do with how well you've handled your credit.

Do you still have other cards? If you have balances on them, that might be catching other banks' eyes when they soft your credit reports.

With this economy, it's a rough world, and getting rougher.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}