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Credit Limit Decresases

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Anonymous
Not applicable

Credit Limit Decresases

Hi, I was just "victimn" to my first credit card lowering my credit limit.  It went from $23K to $11,500.  And it had nothing to do with my credit as the company told me but because the highest balance I have ever had on the account was $3,000.  How will this decrease in credit limit affect my FICO score if anything?
Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Credit Limit Decresases

It won't unless your percentage of utilization goes over 9%
Message 2 of 3
Lel
Moderator Emeritus

Re: Credit Limit Decresases

Welcome to the CLD club.  Our membership criteria is nebulous and non-exclusive.
Message 3 of 3
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