Can credit card companies lower your credit line significantly so that your debt-to-limit ratio is h

Can credit card companies lower your credit line significantly so that your debt-to-limit ratio is higher, for no particular reason and without warning?

Can credit card companies lower your credit line significantly so that your debt-to-limit ratio is higher?

Unless you break the rules of your contract they can not. If you do break the rules, by paying late or something like that they may be able to change your credit limit. However, I serioulsy doubt they would. They would just probably raise your rates.

Can credit card companies lower your credit line significantly so that your debt-to-limit ratio is higher?

Credit card companies have their jurisdiction to lower or increase your credit limit even without your request. With a lower limit it does not necessary mean your credit score will increase.

Can credit card companies lower your credit line significantly so that your debt-to-limit ratio is higher?

Yes. They review your credit report periodically and can reduce your limit, raise you interest etc. You could have made regular ontime payments and it wouldn%26#039;t matter. My experience is that they normally let you know after it%26#039;s done in a letter.

Can credit card companies lower your credit line significantly so that your debt-to-limit ratio is higher?

i don%26#039;t think so.

I think its just based on the numbers.

If you make your payments , then the computers give you more credit, not less

Can credit card companies lower your credit line significantly so that your debt-to-limit ratio is higher?

You can call them and ask them to lower the interest rate because you cannot afford it at the current rate and you are thinking of putting the debt on a different credit card with a lower rate. With the threat of losing those interest payments, they will most likely be willing to lower it.

Can credit card companies lower your credit line significantly so that your debt-to-limit ratio is higher?

yes they have the right to review your credit history most company do that on a 3month base and adjust your limits accordingly. as well as your interest. but that%26#039;s usually done to lower your interest. a raise can only accrue in writing or it you go over the limit or miss a payment or late. in most cases lowering your available credit is a good thing especially if your buy a house or car. say your approved for 100000.00 they take what you have avable to spend in your credit limit and deduct that from the fig so you would have to come up with more money as downpayment if your credit limit is lowered and your not over the limit thats makes you a better credit risk cause they think ok i give u 100000 and tomarrow you go and rack up the rest of your avalble credit you want beable to pay me back. i hope i explained it ok for u not to good at try to draw a pic sorry . Good Luck