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Obscure Factor Affecting Credit Score
Hi - I'm Mike [removed] from Texas. I have a credit card account with Target. On this month's statement Target lowered my credit limit from $2000.00 to $1000.00. I haven't charged my Target card since FEB 2020, while maintaining a zero balance. The next day I received alerts from the big 3 scoring services that my FICO score had decreased by up to 16 points! Question: do the Big 3 consistently drop scores because of a lowered credit limit?
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‎September 13, 2020
2:10 PM