After whittling down my debt/credit ratio to 46%, one card lowered my credit limit - will this hurt

I have three cards, and had an overall credit limit of a little over $15k between them. I had been diligently paying, and had got my ratio down to 46%, when one of the cards dropped my credit limit to within less than a hundred dollars of my current balance. That dropped my total credit by almost a third, and put me with a debt/credit ratio of 66%. The only reason they gave was a couple of negative items on my credit report that have been there for a long time. Are they trying to push me into defaulting on a payment, and how badly is this going to hurt my FICO score?

After whittling down my debt/credit ratio to 46%, one card lowered my credit limit - will this hurt my score?

With the way things are going right now with credit, they are doing any and everything to lower credit limits and raise APR%26#039;s.

I would suggest keep paying down your debts and use the credit cards on a as needed basis. Pay more than the minimum (esp. on your highest debt)

PS: it will/might lowers your score but not that much.....

After whittling down my debt/credit ratio to 46%, one card lowered my credit limit - will this hurt my score?

They don%26#039;t want you as a customer, pay them off and you will have a better ratio.

After whittling down my debt/credit ratio to 46%, one card lowered my credit limit - will this hurt my score?

I don%26#039;t know about the impact on the FICO score. However, I am aware that credit card companies are in general tightening up. This is related to the financial crisis in the housing market and the subprime mortgage mess.

So, don%26#039;t take it too personally. It is widespread.

After whittling down my debt/credit ratio to 46%, one card lowered my credit limit - will this hurt my score?

Will it affect your score? Yes

How bad? The are to many variables to answer this correctly.

Are they trying to push you into defaulting on your payment? Doubtful... Many creditors over certain periods of time re-evaluate those that they have extended credit to. Chances are, you were being evaluated and you%26#039;d have gone either way (Credit Line Decrease or Increase) depending on your situation.