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Yes. They have the right to do that. They are the one who is giving you the credit in the first place. Not only can they do that but they can also take away all your credit and close your account for no reason at all if they choose too and they can also sell your account to another company without your permission just because they want too. But they have to notify you that they are doing that. Yes, they can change or even cancel your limit without your consent.

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โˆ™ 2008-02-14 16:27:30
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Credit and Debit Cards

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The law is derived from three main sources what are they

If there is an erroneous payment then

These funds last 5 years have limited use and cannot pay for new obligations

How do you know which transactions are awaiting your approval

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Q: Can a credit card company lower your credit limit without your consent?
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Why can a credit card company lower your credit limit without your consent?

The CC Company may have seen an increase risk when they saw on an updated credit report/score. It could be a late payments, collections or any other derogatory item on your credit report that triggered it. The CC have the power to limit or increase your credit limit to lower their liability.


What is the visa credit limit?

Credit limit will vary depending on your credit rating and what the credit company is willing to offer you.


Can a credit card limit be reduced below your outstanding balance without your consent?

Yes, especially if you keep it at the max, or do not pay it as agreed.


Can a credit card company decrease your credit limit?

Yes


What is the age limit for prepaid credit cards?

18, unless you have the consent of an adult.


How is credit limit determined?

Credit limit is determined by the information given to the company during their application. The person's income and credit score play a big part in the limit.


What is the limit on a HBC credit card?

The limit for an HBC credit card is communicated to the purchaser of a new Hudson Bay Company credit card directly. This is the only way that one can determine the cash limit and credit limit on an HBC credit card.


What is a type of fee that a credit card company might charge?

credit limit fee


How credit company manage credit?

Credit Company manage it by way of evaluating there customer on how they will use it and spend it. Some credit company limits their credit so that user can limit also the way they will spend it.


How much is the limit available for a balance transfer for your credit card?

This amount is different for everyone and depends on your specific credit card, credit history, credit card company, etc. The best way to find out what your limit is is to contact your credit card company directly.


What happens if you go over your credit limit?

If you go over your credit limit, you credit company will charge a fee and report your overage to the major companies that track your credit score. It is wise to watch spending the and never go over your limit.


Is it legal for a credit card company to lower your credit limit below your balance then charge you an over the limit fee?

no it isn,t you can ue for that offence if they did


How do you increase credit limit on your credit card?

Contact your Credit Card company and ask Usally it can increase with better credit or higher income


Can a credit card company increase your limit without consent?

Yes they can. I keep getting increases all the time usually notice on my statements. One is at 5k! You can ask them to not apply further increases to your account just telephone them, as they are required to stop the increases when you request to do so.


How old do you have to be to tan in the state of Kansas without parental consent?

There is no age limit to get a tan.


What credit card company has the highest credit spending limit?

The highest spending limit will vary person depending on one's credit score and ratings. The following credit card companies have the highest credit spending limit: Chase, Turbo B, Amex Black card.


Can credit card companies lower your limit without notifying you?

Yes


How can you obtain a better credit score without much work?

BY PAYING YOUR BILLS ONTIME, KEEPING THE BALANCE UNDER 40% OF THE CREDIT LIMIT. The lower the debt to credit limit ratio, the better. I would try to stay under 25% of your credit limit.


What happens if you exceed your credit limit?

In most cases you will receive a over limit fee.Sometimes if you call the credit card company and ask, they may give you credit if this is your first time .and have always paid on time.


If you voluntarily decrease a credit limit on a credit card does this look bad on your credit score?

i can only give you my opn **IT WOULD LOOK LIKE FOR SOME REASON like your credit card company lowered your limit do not do it. JUDE KAGABINES LEXINGTON SC


Henry had charged 847 dollars to his credit card The cost of his next purchase caused him to exceed his credit limit of 1000 dollars?

If Henry had a credit limit of 1000 dollar and charged 847 dollars to his credit card, without exceeding his credit limit he would have 153 dollars credit available for his next purchase.c>1000-847


When you receive a credit card how do you up your limit?

You jave to call the credit card company. The phone number should be on the back of the card.


What is over the credit limit?

Put simply - it means you have exceeded the limit set by the card company. For example - if your balance is 400, and you have a limit of 500 - then spend 150 - you exceed your limit by 50


What sort of credit limit is on the Chase Visa signature card?

The credit limit that is on the Chase Visa signature card is a $5000 credit limit. This credit limit matches up with the average credit limit across all banks in America.


What are fund based limits?

Fund Based Limit is a limit in which the Co is getting money actually(Cash). whereas in non-fund base limit bank make payment on behalf of company. Fund Base Limit: Cash Credit Term Loan Non-Fund Base Limit: Bank Gurantee Packing Credit Letter of Credit