cancel
Showing results for 
Search instead for 
Did you mean: 

Credit card companys lowering credit line for not reason

jayscalise
New Visitor

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
cosmiami
Established Member

Re: Credit card companys lowering credit line for not reason


@jayscalise wrote:

The banks seem to be lowering credit lins 


any source/link/reference ?

FICO-8: TU=791, EQ=755, EX=670 (as of 9/15/2017)
I'll show my CC's and CL's when I can insert html.
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?


My rebuild worked for me, but won't necessarily work for you!
BK7 D/C- 08/2013...I'm in the home stretch now!
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
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.