Lowering credit limit on catalogue account

Paul38

Hello

I have 2 catalogues and I don't really buy much from them and was thinking about having the credit limit dropped on one of them. I have been told that this could improve my credit as when you get a credit report from Experian (£15 one not the £2 one) it has an amount showing that is your personal limit for credit.

But if I request that it is lowered will this not be seen by lenders as a negative? Will they assume that the company lowered it not me?

Any advice gratefully appreciated

happy_bunny_2

Available unused credit can be seen as risky by lenders and I would think any lending decision they make will assume its been fully used.

You-kip

I've got 20k plus of available credit yet still accepted for 0% offers when I want them.
IMO I think loads of unused credit looks favourable and shows the applicant is good with their finances and only looking for the best deals.

Someone 10k in debt and only have 2k available looks over stretched IMHO.

Then again we don't how lenders computers think.