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katgail77

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Company increases your credit limit to keep IF you use a portion of the increase, then decreases it.
IF you don't add to your debt, the company then puts your credit limit back to what it was, and THIS has caused my credit score to go back down. It's a GAME they are playing to make you use more debt! Doesn't seem fair to me!

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Creditors encourage plenty of credit!

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It seems the longer one is in the "system", and gradually and completely pays off standard bills like mortgage, autos, other consumer credit, etc. they get penalized badly for not having enough different credit sources.  We have long ago paid off our mortgage, all cars except the current one, and most other bills that used to report.  The credit bureaus don't report age of individuals, but it appears they DO know your age range as you pay off large bills, and don't repeat the same actions (mistakes).

So, they would prefer us to get another mortgage, or maybe a large home improvement loan, and other personal financing,  just to keep keep the variety game going in our credit.  It's a pleasure and great satisfaction to have a paid off home and property!  I'll take it over a few points drop on my score.  We'll keep a few credit cards, and that's it.

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Unfortunately it also seems to be about the money and never about fairness. I agree with you.

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