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Lowering your credit limit yourself
cooltt
Posts: 852
Forumite
in Credit cards
Just a quickie, does effect your credit rating if you lower the credit limt on your card's youself?
0
Comments
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not as such
however the CC company may credit check you are reduce it more than you askedEU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
If you are carrying a balance, on this or other cards, then lowering your limit on one or more cards will increase your ratio of used to available credit.
It may make you appear over-indebted in a Consumer Indebtedness Index (CII) score (which Experian et al provide to the lenders), and so could adversely affect your credit rating.0 -
Mmmm....interesting, i remember reading something about it appearing as a limit lowered on your credit file but doesn't distinguish if the customer requested or the CC did it so could look like you were in trouble.
Yes i know what your refering Yorkshire boy, i forgot about that.0
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