09-15-2020, 09:34 PM
so by their logic, I don't need a higher credit limit anyway.
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And when they lower your limit, you end up with a lower credit score which means other creditors may now see you as a higher risk and lower your credit lines as well, which lowers your score again... It is almost like a plan to raise the rates they charge based upon lowering your score thru reduced credit lines...
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And when they lower your limit, you end up with a lower credit score which means other creditors may now see you as a higher risk and lower your credit lines as well, which lowers your score again... It is almost like a plan to raise the rates they charge based upon lowering your score thru reduced credit lines...