Asked by wesley  |  Submitted September 08, 2017

How can a creditor decrease my credit limit without notifying me?

I'm in the middle of refinancing my mortgage so I check my credit daily. A creditor decreased my credit limit which changed my credit utilization. Do I have any recourse?

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  Answers  |  1

November 15, 2017

Credit card providers typically do notify customers when credit limits are adjusted either up or down. Granted, it may not be a separate notice, but at a minimum, your statement will reflect your credit limit.

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