@Anonymous wrote:
That's quite the decrease. Think about the total credit available to you & the impact losing that much available credit will have on your CRs. If your utilization will shoot up substantially, this will have a significant impact on your score. If you only have $8000 credit through all your tradelines and $2000 of that disappears, you're losing 25% of your overall available credit.
I've paid off my first two orders with FH before I ever even got my first statement, so I'm almost expecting to get a CLI along with that first statement. (I'm at $300 after recently graduating FreshStart.) If I get it, I won't buy anything from FH for a month or two, and then I'll buy something cheap - a pack of undies or socks, or maybe a sheet set from the clearance section - just to have some activity and keep it open.
Since I'm just getting started, all I have is FH ($300), Cap1 Secured ($300), First Progress secured ($200), and a Self Lender 12-month loan for $545. It really sucks that FH requires activity regularly to maintain a higher CL, and it sucks even more that they do the "temporary CLI until you make a purchase..." thing, too. At the end of the day, though, your FH CL counts toward all of your available credit, and depending on your unique situation, it may be worth it to buy something small just to keep it open.
Best of luck! Keep us all posted on what you decide to do.
Also, a pair of socks would cost a ton because of the crappy shipping. FH was good for rebuilding, but time for it to go now.
