Credit limit reduction: reality vs. bureaucracy

_Andy_

Trolling is getting more and more popular on the boards.

woody01

praxisizer wrote: »

I'll note first that the issue I raised that you respond to here isn't the main reason for my post. Instead, I posted in the hope of somebody responding with some answers to the questions that I raised. With that out of the way, though, I'll answer your post:



So my point was that while your second statement may be true, that's merely a failing of the credit card company's risk assessment processes, not some deep necessary truth. Your first statement is incorrect without further qualification. If they were to consider the available evidence -- viz., the evidence that I can happily supply them with about my bank balance history and credit card history -- they would have more to go on, and would be able to modify the prior probability of my being a poor credit risk accordingly.

In the presence of other information, failure to pay a credit card bill is not an indication of credit risk. The reason for that is that the reason that people fail permanently to pay all of the money they owe to credit card companies is that they don't have enough money. The reason isn't that they have enough money and forget to pay for a month. So if evidence is provided that there is enough money, that is evidence of a much lower credit risk. But you knew that -- this ain't rocket science!

So by your methodolgy, all credit lenders should assess each case individually?
It's never going to happen.

Regardless of whether you agree with me or not, the fact remains, that on paper you are a poor credit risk.

It matters not the reasons behind you late payments.
Think about it, for all they know, you are paying late because you already live hand to mouth.
Whether you just forget or not, that is still a clear indication that you cannot manage your finances. It makes no difference if you have the ready funds or not.

It's not rocket science! (as you tried to put it).

BoGoF wrote: »

God, is it me, or is the OP a condescending so and so. You're a risk, accept it.

They are yes.
Also not too bright by the sounds of things.

Another that comes here, asks a question, then stamps their feet when the answers given aren't the ones they want to hear.