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Tag Archives: credit limit

Credit Card Companies Keep Reducing My Credit Line as I Make Payments. – James


Several of the credit card companies that I am paying off are now reducing my line of credit by the amount of payments that I am making to pay off these debts. Of course when they do this they always sight my credit report shows that my balances to available credit is too high. How I am ever going to ... Read More »

    I Called Bank of America About My Reduced Credit Limit. They Reduced it More. – Charles


    Charles “Dear Steve, Bank of America has lowered my credit line from 23000 to 16 and when I called to complain the dropped it down to the current level of 13500. I use my card in business and know they have the right to do this but what about the negative effect on my credit score. I always paid them ... Read More »

      Should I Do Debt Consolidation or Debt Settlement? – Jimi


      Jimi “Dear Steve, I am $60,000 in credit card debt. The banks have lowered all my limits and raised all my interest rates astronomically. Is it better for my future credit to do Debt Consolidation or Debt Settlement? Thanks! Jimi” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads ... Read More »

        How Can I Get My Credit Card Companies to Reinstate My Original Credit Limits? – Rob


        “Dear Steve, I have perfect credit but the crdit card companies have bee lowering credit limits and then saying that ny balance is too close to the limit which affects my credit score. Is there any recourse I have against them to re-instate my original credit limits. I am no more a risk today than I was when they set ... Read More »

          One in Three Consumers Spanked By Their Credit Card Companies


          San Francisco, CA – March 2, 2009 – According to a new survey for National Consumer Protection Week (March 1-8) from, a third (33.7%) of consumers say their credit card company has made one or more of the following changes to their credit account: Increased their interest rate 15% Increased their minimum payment due 11% Changed their due date ... Read More »

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