Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
giggles0902

0 Contributions
0 People Helped
How do I avoid my credit limits being decreased when repairing credit
Due to unforeseen circumstance, we depended heavily on credit cards to help us get by recently, my husband lost his job, and is now on disability. I have obtained a job now where we can start paying things down, but last time we tried to do this, as we were paying them down, credit limits were decreased on the accounts. I don't want this to happen, how do I proceed? We wont be using them anymore, but we need the credit so that we can move ahead and buy a home next year.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
4 Contributions
0 People Helped

i just had the exact same thing happen and posted about it. as soon as i made an earnest effort to pay down by limits the limits were almost immediately dropped. seems you are punished for trying to be responsible, I wish I had an answer. Am hoping someone here does.

Top Contributor
1287 Contributions
372 People Helped

You have been a member of this site since 2014. Plenty of time for you to have read some of the informative articles as well as reading some other questions and answers on this community forum.

Sustained high balances with small and minimum payments trigger alerts with your creditor.  

 Begin rebuilding your credit by paying as much money as you can towards your highest interest credit card since paying interest is wasted money.  Once that is paid off, move to the next highest interest card and so on. Dave Ramsey likes the approach of paying the lowest balance first. 

Do some reading on paying off debt. Lots of information on this site and other internet sites.

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.