credit limit

The Impact of a Credit Limit on Your Credit Rating

Q: One of my creditors, Bank of America, decided to decrease my credit limit from $4,000 to $500. At the time when they lowered my credit limit, I had a balance of $700. So, that put me $200 above the limit at the time of the change. They didn’t even call me, I called them. …

The Impact of a Credit Limit on Your Credit Rating Read More »