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Swordsr

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Company keep Lowering credit limit
We are working hard on paying down our Cards. We are paying extra almost every month. The problem is the company's keep lowering or limits there for it is not helping our score. How can we stop this? One company keeps dropping the limit 10 dollars over our balance.

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Top Contributor
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My question to you is why are they lowering your credit limit?  There has to be a reason.   What was the highests Credit Limit on the account and what is your Current CL?

Have you been late making payments?  If so how many times in the past 3 years.

Do you have other Credit Cards or other Accounts in Collections?  If so how many? and for How much?

They seem to think you are a risk for defaulting on your account for some reason.

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