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
peggyannsisson

0 Contributions
0 People Helped
synchrony bank is ruining my credit. how do I stop this merry go round?
They own three of my credit cards. They have been dropping my credit limitsalmost monthly. The result is I continue to be close to my credit limita, bringing down my score. They are single handedly ruining my credit. What can I do?

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
Top Contributor
119 Contributions
32 People Helped

What have you tried so far? Have you asked them WHY they're doing this? There must be a reason. If you speak to them and they're not going to restore your original credit limits, how about opening a card, or cards, with a 0% introductory rate, transferring your Synchrony balances to the new card(s), and leaving your Synchrony accounts idle.

Top Contributor
1793 Contributions
3029 People Helped

Helpful to 0 out of 1 people

Sounds like you have maxed out your accounts and is trying to limit their losses by lowering the Credit limit until they feel you won't skip out on paying of the accounts.

Seems like you are the one ruining your own credit  all by yourself.   Pay the Cards in Full each much and you won't have problems. 

Reply by
jfairlady

1 Contribution
1 Person Helped
Helpful to 1 out of 1 people

Oh bull!!! You must work for them. I had very good credit until they came along, dropped all my limits to make me LOOK maxed out-- and then once you pay off a card, they close it-- making it even worse for your credit. They suck and they should be taken to court. The single handendly ruined my credit in a matter of months!

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.