Elphie (![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small} elphie) wrote in doooook, |
Yes, and it is based on the percentage of your credit you are utilizing, so them lowering your limit will raise that percentage and therefore lower your credit score further, causing more people to lower your credit limits. it is a vicious cycle.
I'm stuck in this loop where I keep paying down my debt and people respond by instantly lowering my limits so I'm still at a high utilization so I can't raise my credit score.
I'm stuck in this loop where I keep paying down my debt and people respond by instantly lowering my limits so I'm still at a high utilization so I can't raise my credit score.
