I went online this morning to pay a small $90 balance on my Old Navy credit card and noticed that just yesterday they lowered my cl from $2200.00 to $250!!!!! WTH?! I have always paid my card on time. This is my oldest card since i started rebuilding my credit 2 years ago. I did go on an app spree last month and go approved for some great cards, but only 2 are GEMB cards to my knowledge and even adding those two cl to what Old Navy has now lowered my cl to doesn't come close to what I had! I am so annoyed! The card has been in my sd for the past month because I don't need it now that I have prime cards, but it's lowered my overall credit amount. Just when I thought things were going so well...
Starting Score: 650
Sorry to hear about that!!
Target did the same thing to me because I was not using the card enough. And then the next time I tried to use it...they had closed the account. I think it is pretty common for store cards to act this way.
*8/10/13
Until a few weeks ago it was my main card because of the credit limit. I actually had a pretty high balance on it until January when I paid it off. They were actually making money off of me!
Any other baddies come up this happened to my gap a year ago I was a week late plus a 30 day late it sucks but can happen. I'd call them and see what the problem is.
Did you call Old Navy & ask them why ?
Have you called GE's backdoor number to find out the reason behind the cld, you maybe able to explain to position on this issue and restore your cl..Wish you the best of luck!!!
Starting Score: EQ 546 TU 566I only called customer service not the backdoor and they couldn't help me at all. I have to wait for the letter is all they would tell me. I had an old T-Mobile account show up on my cr recently from Midland Credit (demon spawn and they seem to be showing up as a factoring account (demon spawn), but I paid it off in January. I have not had any other late payments on my accounts in almost 3 years and no other baddies. I was not planning on using the card, but hate that the decrease wil lower my overall credit amount on my cr...
That's probably why. They sp frequently and if they see areas of concern down you go. Try calling back door have them sp a current report. But high utility though paid off plus collection they don't like it.
Ouch, Sorry to hear about the CLD.
