How to Get Out of Debt With the Get Out of Debt Guy » cut my credit limit http://getoutofdebt.org Free debt help and debt advice on how to get out of debt, getting out of debt consolidation scams, and inside information on the debt relief and debt help industry. Sat, 26 May 2012 00:15:05 +0000 hourly 1 http://wordpress.org/?v=3.3.2 Chase Bank Lowers My Credit Limit As I Make Payments Each Month. – Josh http://getoutofdebt.org/7564/chase-bank-lowers-my-credit-limit-as-i-make-payments-each-month-josh http://getoutofdebt.org/7564/chase-bank-lowers-my-credit-limit-as-i-make-payments-each-month-josh#comments Wed, 21 Apr 2010 19:44:09 +0000 Steve Rhode http://getoutofdebt.org/?p=7564

From How to Get Out of Debt

Josh “Dear Steve, Chase Credit Cards are cutting my limits as I pay off the card saying the same thing each time. So, Chase has been cutting my limits despite me having a solid 720+ credit rating. Seems like every time I send in $500 they cut my limit proportionately. They claim my balance has [...]

Read the full article at GetOutOfDebt.org, click here: Chase Bank Lowers My Credit Limit As I Make Payments Each Month. – Josh

]]> From How to Get Out of Debt

Josh

“Dear Steve,

Chase Credit Cards are cutting my limits as I pay off the card saying the same thing each time.

So, Chase has been cutting my limits despite me having a solid 720+ credit rating. Seems like every time I send in $500 they cut my limit proportionately. They claim my balance has grown too much in each letter, always saying the same thing. However, I’ve done nothing but pay down my debts. Is using the same excuse to cut my limits legal?

Josh”

The Answer:

 

Dear Josh,

They could cut your credit limit because they say you have toe cheese. The reason why is not important. They cut it becuase they can.

I think that since you get the same letter each month your balance is just above an amount they want to see it at and the reduction and letter happens automatically.

It’s not personal, it’s not you, it’s just Chase saying they don’t value your business or you anymore.

Big Hug!

Chase Bank Lowers My Credit Limit As I Make Payments Each Month. Josh lower my credit limit cut my credit limit chase bank chase ask the get out of debt expert
@GetOutOfDebtGuy

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Read the full article at GetOutOfDebt.org, click here: Chase Bank Lowers My Credit Limit As I Make Payments Each Month. – Josh

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