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Credit to Debt ratio credit cards limit

New Visitor

Credit to Debt ratio credit cards limit

I think my credit card limits are too high on my 2 credit cards,
Credit card A limit is $8000.00 and I have a $0.00 balance
Credit card B limit is $14,000.00 with a balance of about $500.00

Even though I have almost no balance I think these 2 cards limits are too highr and causing me fico problems, I don't understand why though but I know I should lower the limit to improve my score BUT HOW MUCH SHOULD I LOWER THE CREDIT LIMITS TOO?
2 REPLIES
Senior Contributor

Re: Credit to Debt ratio credit cards limit

I'd be inclined to leave that alone. Seems like you have no problem resisting temptation.
Moderator Emeritus

Re: Credit to Debt ratio credit cards limit

NEVER LOWER YOUR LIMITS!
 
Do a search for the credit myths thread. Smiley Happy