How often can credit card companies reduce my limit on my credit card?


Posted January 4th, 2010 by admin 6 Comments »
credit
Ebubekir K asked:


I got a letter from a credit card company saying that they have reduced my credit limit without any previous warning. Is there a limit to how often can they do this? Can they do it how ever many times they wish? For example, once every six months/year?

Also, Is there any way to see it coming?
The letter is not the warning because when i get the letter, the limit change is already in effect.

Tags: , ,
Posted in Credit | 6 Comments »

How can I get my credit card company to report account information?


Posted November 20th, 2009 by admin 4 Comments »
credit
awill110 asked:


I got my credit report today and it shows that my total credit amount is $300 and I have $296 available. After further inspection I noticed that only one credit card had reported a credit limit/max balance and that all of my credit cards hadn’t been reported since April. Is there an effective way to contact the credit card companies and get them to report accurate and up to date information to the credit bureaus? I feel that this issue is affecting my credit score, so I would like to fix this.

Thanks in advance.

Tags: , ,
Posted in Credit | 4 Comments »