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If a credit card company lowers your limit how does it effect your credit score?
Wiki User
∙ 14y ago
yes it does fight it and do not allow them to lower it advise them that if that happens you would consider closing and find a new bank. ***JUDE KAGABINES LEXINGTON SC
Wiki User
∙ 14y ago
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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 company decrease your credit limit?
Yes
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.
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.
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 company decrease your credit limit?
Yes
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.
When would your credit card company charge you an over limit fee?
When you charge more than your current credit limit
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.
What is a type of fee that a credit card company might charge?
credit limit fee
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.
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.
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
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.
