Credit Limit Lowered? 4 Things You Can Do Right Now to Fix It
Credit Limit Lowered? 4 Things You Can Do Right Now to Fix It You have the power to get your credit limit back where you need it to be. If you’ve had to lean on a credit card recently to cover expenses, discovering your credit card company decreased your limit is likely unwelcome news. Unfortunately, that’s the case for 1 in 4 American credit cardholders who’ve reported that their issuer slashed the limit on at least one of their cards — or closed the card — according to a study by CompareCards. And the news could come as quite a shock to many cardholders, who until the first quarte...