http://www.creditaddict.com/archives/reduced-credit-card-limits-hurting-credit-scores/ feeding your credit card addiction... Sun, 07 Mar 2010 21:51:18 -0500 http://wordpress.org/?v=abc hourly 1 http://www.creditaddict.com/archives/reduced-credit-card-limits-hurting-credit-scores/comment-page-1/#comment-1889 Gem Wed, 12 Aug 2009 20:22:54 +0000 http://www.creditaddict.com/?p=543#comment-1889 The banks want more interest and people like you who pay back intime are of no use to bank they want you to be in the group who will utilize more and pay interest so the drop in credit limits. The banks want more interest and people like you who pay back intime are of no use to bank they want you to be in the group who will utilize more and pay interest so the drop in credit limits.

]]> http://www.creditaddict.com/archives/reduced-credit-card-limits-hurting-credit-scores/comment-page-1/#comment-1692 Aarkay Tue, 31 Mar 2009 19:01:58 +0000 http://www.creditaddict.com/?p=543#comment-1692 My credit line with Bank of America was 35000K and I was using the card very rarely (once in 3 months). I always used to pay online in full just before the billing date. Effectively no balance in my a/c for the last two years. They just reduced my credit line to 15000K. No explanations were given. Hope this will not affect my credit score or report. Felt let down by the system for no fault of mine. This is happening in the greatest democracy of the world. May be democracy is applicable only to select few. How banks Banks can judge you without a trial or atleast intimate in advance that they are going to shoot you. My credit score in excellant and I know BOA got a system of regularly checking my credit report. There is no negative item in my credit file. Is the banking system is in the grip of panic? I felt help less and attacked!! My credit line with Bank of America was 35000K and I was using the card very rarely (once in 3 months). I always used to pay online in full just before the billing date. Effectively no balance in my a/c for the last two years. They just reduced my credit line to 15000K. No explanations were given. Hope this will not affect my credit score or report. Felt let down by the system for no fault of mine. This is happening in the greatest democracy of the world. May be democracy is applicable only to select few. How banks Banks can judge you without a trial or atleast intimate in advance that they are going to shoot you. My credit score in excellant and I know BOA got a system of regularly checking my credit report. There is no negative item in my credit file. Is the banking system is in the grip of panic? I felt help less and attacked!!

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