Credit score


@greenbait44 wrote:

Question: do the Big 3 consistently drop scores because of a lowered credit limit?


The following is a link to an Experian web site on which they state:

 

If a lender decides to reduce the credit limit on one of your accounts, your credit utilization ratio may spike, which can negatively impact your credit scores.

 

https://www.experian.com/blogs/ask-experian/does-a-credit-limit-decrease-hurt-your-credit-score/

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