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Credit card companys lowering credit line for not reason

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Anonymous
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Credit card companys lowering credit line for not reason

The banks seem to be lowering credit lins creating a lower score and higher interest who can help about this problem ? 

3 REPLIES 3
Anonymous
Not applicable

Re: Credit card companys lowering credit line for not reason


@Anonymous wrote:

The banks seem to be lowering credit lins 


any source/link/reference ?

Message 2 of 4
pizza1
Community Leader
Super Contributor

Re: Credit card companys lowering credit line for not reason

Welcome to the forums!!

 

We are gonna need a lot more info than this. Are you making a generalized blanket statement, or was there a specific bank your were referring too?? Was this a personal situation?

Message 3 of 4
marty56
Super Contributor

Re: Credit card companys lowering credit line for not reason

A CLD could lower your score if your % util goes up.  An increase in interest rates wouldn't effect your FICO score even if your monthly payment went up.

1/25/2021: FICO 850 EQ 848 TU 847 EX
Message 4 of 4
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