Credit Card Companies are really causing customers to keep getting their credit scores reduced which means there will be a lot fewer chances to expand personal investments, opportunities, etc. Lowering the Credit Limits down to the balance due but scoring does not want debits over 50% of limit.
I made a few mistakes and delayed some payments by 1 day but always paid more than minimum due. E.g.,balance due of $2,700 with $11,000 limit for many years. Now they lowered limit $3,000-0 almost 100% WHY SO LOW?
NOW MY score IS GETTING HIT REALLY HARD. TOTALLY NOT FAIR.
Product or Service Mentioned: Capital One Credit Card.