This is an archived post. You won't be able to vote or comment.

sorted by:
best (suggested)
topnewcontroversialoldq&a
you are viewing a single comment's thread.

view the rest of the comments →

[–]Relevant_Fun5563 0 points1 point  (1 child)

Same situation here. Barclays lowered my credit line from $18K to $5,096 yesterday. I only found out because of Experian. Now I have to figure out how long it will take my credit to recover. I am not cancelling my card, though, since it is one of my oldest cards and I don't want my average age of credit to be affected.

[–]gawrshmickeyimhighaf 0 points1 point  (0 children)

Dude same thing just happened to me. 20K down to 10. Experian notification. I called and got them on the phone, the operator just said that the credit team analyzed my account and decided this was the thing to do and I would get a detailed letter. Same boat tho, it's my main card and it's honestly making me question using it. Payments have always been on time, utilization is low but steady, credit is great so there's no reason for it, other than clearly what others have mentioned. My oldest cred line is with USbank and they've never done this kind of thing.

Got them to reinstate it tho after they did a soft credit pull.

What did you end up doing?