Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Credit card limit cut in half.
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="jakeman" data-source="post: 3373728" data-attributes="member: 10690"><p>I had one closed on me recently. for non use Dinged my credit score in a couple areas. I'd had the card for 20 something years, so my average age of credit went down slightly, and my available credit limit was reduced. It didn't ding it much, and it was a tire store card so the limit was only 2 grand any way, so that wasn't a big hit either, but if you're new to credit, and don't have a big limit, it will have an impact. </p><p></p><p>Credit is funny though. When I paid off my mortgage several years ago, I thought my score would just skyrocket. It dropped a 100 points down to the mid to low 700's. I thought, WTH happened, and then realized exactly what I'd done. It recovered within about 6 months to where it was before, but I found that strange. Just because you understand how they score you, doesn't mean you understand how they score you. Credit scores are weird.</p></blockquote><p></p>
[QUOTE="jakeman, post: 3373728, member: 10690"] I had one closed on me recently. for non use Dinged my credit score in a couple areas. I'd had the card for 20 something years, so my average age of credit went down slightly, and my available credit limit was reduced. It didn't ding it much, and it was a tire store card so the limit was only 2 grand any way, so that wasn't a big hit either, but if you're new to credit, and don't have a big limit, it will have an impact. Credit is funny though. When I paid off my mortgage several years ago, I thought my score would just skyrocket. It dropped a 100 points down to the mid to low 700's. I thought, WTH happened, and then realized exactly what I'd done. It recovered within about 6 months to where it was before, but I found that strange. Just because you understand how they score you, doesn't mean you understand how they score you. Credit scores are weird. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Credit card limit cut in half.
Search titles only
By:
Top
Bottom