I'm just mad right now

[sealy]

1. Credit card company reviewed lmy credit and lowered my limit even though I have never been late and didn't have any money on it.

2. The police charged me a 105 fee for failing to pay $30 to register my alarm with them. They also said the next time.gy alarm goes off falsely I'd be charged for that. They never came to myhose in the first place. My alarm company called them and told them it was a false alarm.

UGH.

[ZaireinHD]

yup! police good for nuthin' - but providing a hassle

my credit card did that lower my balance a few years ago! I was pissed off as well!!
they lowered my total balance to something like $20, or $25, or $30 just below the max limit. then turned around and told me I have a high balance. I called them and said
if you guys didn't lower my balance, I would have an additional $3k!!

[Shooby]

My advice is to pay your cc off in FULL every month. I have never NOT paid my credit card off in full. Then they will give you as much limit as you want.

[zibazinski]

I remember when Amex either lowered e limit or flat out told people they couldn't use their card anymore. I was glad I had costcos Amex.

[mollyanna58]

One of my credit card companies cut my limit in half a few years ago, saying it was obviously too high since I never used anywhere near the limit.

I never heard about registering an alarm; did your alarm installer tell you to do it?

[swamp]

Jan 22, 2014 8:46:10 GMT -5 Shooby said:

My advice is to pay your cc off in FULL every month. I have never NOT paid my credit card off in full. Then they will give you as much limit as you want.

Not true.

I had a card lower my limit and up the interest rate even though I rarely used it and paid it in full each month.

[Peace77]

Lots of credi card compnanies lowered credit limits during and after the credit crunch.  It's not always personal.

[Rocky Mtn Saver]

Jan 22, 2014 9:58:20 GMT -5 Peace77 said:

Lots of credi card compnanies lowered credit limits during and after the credit crunch.  It's not always personal.

Yeah, this happened to me during the recession.  First time it had ever happened, and I had no idea why.  Has your  total debt-to-available-credit ratio changed negatively?  That might be a flag in their automated system. 

[kilroy]

Jan 22, 2014 8:27:40 GMT -5 ZaireinHD said:

yup! police good for nuthin' - but providing a hassle

my credit card did that lower my balance a few years ago! I was pissed off as well!!
they lowered my total balance to something like $20, or $25, or $30 just below the max limit. then turned around and told me I have a high balance. I called them and said
if you guys didn't lower my balance, I would have an additional $3k!!

I'm pretty sure OP's alarm contract would spell out the requirement to register the alarm with the police and any penalty for not doing so.  So how are the police providing a hassle?

[sealy]

I'm pretty sure OP's alarm contract would spell out the requirement to register the alarm with the police and any penalty for not doing so.  So how are the police providing a hassle?[/quote]


I didn't know it was mandatory and that they'd charge me 3 times a much as a penalty

[grits]

Both of my cards cut my limits from $10k to $5k each. I don't use anywhere near either, and pay them off each month.

[ZaireinHD]

Jan 22, 2014 8:46:10 GMT -5 Shooby said:

My advice is to pay your cc off in FULL every month. I have never NOT paid my credit card off in full. Then they will give you as much limit as you want.

I have not had the same fortunate experience. guess it depends on what company the card is with?

[ZaireinHD]

Jan 22, 2014 9:50:01 GMT -5 swamp said:

Jan 22, 2014 8:46:10 GMT -5 Shooby said:

My advice is to pay your cc off in FULL every month. I have never NOT paid my credit card off in full. Then they will give you as much limit as you want.

Not true.

I had a card lower my limit and up the interest rate even though I rarely used it and paid it in full each month.

but without the up interest rate, happened to me for a card I rarely used and paid off each time it was used.

[ZaireinHD]

Jan 22, 2014 19:22:58 GMT -5 sealy said:

I'm pretty sure OP's alarm contract would spell out the requirement to register the alarm with the police and any penalty for not doing so.  So how are the police providing a hassle?

I didn't know it was mandatory and that they'd charge me 3 times a much as a penalty

3 times is a lot!
Dang!

[sealy]

Jan 22, 2014 20:30:49 GMT -5 grits said:

Both of my cards cut my limits from $10k to $5k each. I don't use anywhere near either, and pay them off each month.

I hear you grits that card didn't have any money on it.  I went to the mechanic and only put $20 on it.  Then in my mail I read that my balance has been lowered.  I was soooo mad because it messes with my credit score.  I'm going to pay it off then close it because I can't stand shadiness.

As far as the alarm goes.  No excuses but I'm still mad.  They didn't even give me a warning and hit me with a $105 fee along with the $31 for the permit.
This whole thing feels like a rip off.  

[Shooby]

Seriously, how high of a limit do you want on your CCs? If you aren't paying them off in full every month and paying interest, then why do you want to raise it? And, what are going to buy on it? I am not going to buy a home or car with it. The only time I might need a pretty high limit is for traveling. So, how much of a limit do you want?

[Rocky Mtn Saver]

Jan 23, 2014 8:06:53 GMT -5 Shooby said:

Seriously, how high of a limit do you want on your CCs? If you aren't paying them off in full every month and paying interest, then why do you want to raise it? And, what are going to buy on it? I am not going to buy a home or car with it. The only time I might need a pretty high limit is for traveling. So, how much of a limit do you want?

I know that it might ding her credit score by reducing your debt-to-available credit ratio, but given your propensity to use your credit cards as a budget crutch, sealy, I think that this is really more of a blessing in disguise.  Look at it in the positive!  

[Shooby]

I have never given a rat's arse about my credit score. Not for one second of one minute or my life.

[Rocky Mtn Saver]

Jan 23, 2014 9:16:26 GMT -5 Shooby said:

I have never given a rat's arse about my credit score. Not for one second of one minute or my life.

I have a reasonable interest in mine, although it's not something I spend any time worrying about.  But that's the difference between using credit occasionally and living a life relying on credit to get what you want/need.  The former is - as I'm sure you know - very freeing; the latter is stressful. 

[sealy]

Jan 23, 2014 8:06:53 GMT -5 Shooby said:

Seriously, how high of a limit do you want on your CCs? . . . . So, how much of a limit do you want?

I didn't want then to raise it but I sure as heck didn't want them to lower it because that messes with my credit score. I just wanted them to leave it alone.

[Rocky Mtn Saver]

Jan 23, 2014 9:22:25 GMT -5 sealy said:

Jan 23, 2014 8:06:53 GMT -5 Shooby said:

Seriously, how high of a limit do you want on your CCs? . . . . So, how much of a limit do you want?

I didn't want then to raise it but I sure as heck didn't want them to lower it because that messes with my credit score. I just wanted them to leave it alone.

I know it's a surprise, but why are you that interested in your score?  Are you planning any purchses?  You have a new house, you're still paying on a car, and you don't need any additional credit extended.  Don't worry about it, just focus on what you can control. 

[Shooby]

I really don't get the obsession with credit score. Unless your credit is absolutely down the rat hole, you are going to still be able to get a loan for almost anything. I don't buy things I can't afford so I really don't get it. And, if getting a slightly better interest rate rocks your world, maybe you are spending too much. But to each his own. I live well below my means. I hate debt and I like money in the bank more than I want "stuff".

[sealy]

But that's the difference between using credit occasionally and living a life relying on credit to get what you want/need.  The former is - as I'm sure you know - very freeing; the latter is stressful.  [/quote]


Rocky is more of about not having someone trash my score. I have that one card that I admit I lean on too much but that doesn't/shouldn't be a reason for them to mess with my credit. I only use that card for my car. I've worked hard toget my score where it was and for someone to come along and push me back down the hill upsets me. I want to make it to 800. I pay my bills energy month. I don't pay my cards off but the monthly payment is always paid.

[Shooby]

My point is that if you FOCUS on being financially responsible, that those things like credit scores will take care of themselves. That is you are living in a financially responsible way, your credit score isn't going to change what you do one way or the other.
When I was younger, I had multiple CC's. And, I would fall for the "save 20% by opening a store CC" crap. Well, I realized, what is the point? That ONE cc was all I needed and the so called discount wasn't worth the aggravation of multiple bills. So I cancelled and closed every cc. Did that "hurt" my credit score? Don't know and don't care. It was more important for me to handle my finances to suit ME than to worry about what they were going to do one way or the other. Manage your life in a way that works for YOU and not beholden to them.

[Shooby]

Jan 23, 2014 9:32:08 GMT -5 sealy said:

But that's the difference between using credit occasionally and living a life relying on credit to get what you want/need.  The former is - as I'm sure you know - very freeing; the latter is stressful. 

Rocky is more of about not having someone trash my score. I have that one card that I admit I lean on too much but that doesn't/shouldn't be a reason for them to mess with my credit. I only use that card for my car. I've worked hard toget my score where it was and for someone to come along and push me back down the hill upsets me. I want to make it to 800. I pay my bills energy month. I don't pay my cards off but the monthly payment is always paid.

[/quote][/p]

How is that messing with your score? And even if it does how is your life qualitatively different if your score is 800 or 700 or whatever? How does that change your life one iota?

[sealy]

I am obsessed with the score. I don't want more credit I'm trying to become debt free. I want it for me as a goal something that I've accomplished along with being debt free. For some reason being in the 800 credit score club is important to me.

[Rocky Mtn Saver]

Jan 23, 2014 9:32:08 GMT -5 sealy said:

Rocky is more of about not having someone trash my score. I have that one card that I admit I lean on too much but that doesn't/shouldn't be a reason for them to mess with my credit. I only use that card for my car. I've worked hard toget my score where it was and for someone to come along and push me back down the hill upsets me. I want to make it to 800. I pay my bills energy month. I don't pay my cards off but the monthly payment is always paid.

Why shouldn't it? Given that you've been using more and more of your available credit each month and one card is close to maxxed out (and has gone overlimit before), can you see how a credit card company might feel that they need to lower their risk by offering to lend you less of their money?

[Rocky Mtn Saver]

Jan 23, 2014 9:43:58 GMT -5 sealy said:

I am obsessed with the score. I don't want more credit I'm trying to become debt free. I want it for me as a goal something that I've accomplished along with being debt free. For some reason being in the 800 credit score club is important to me.

Focus on what is actually important and will improve your life.  An 800 score will not. 

[sealy]

Ok i can see clearer now. Take care of your finances and that will take care of my score. I know i shouldn't care what it is as long as I'm working on becoming debt fee but getting to that score one day will be awesome. I don't want more credit cards. I'm not looking to finance anything else. It's the score that matters to me. That and being debt free. I will stop obsessing over it and I am going to close it even though I know it will set me back again as far as my score goes. I don't want/need more credit. I an working towards stability and that's what 800 is for me.

[Rocky Mtn Saver]

Jan 23, 2014 9:53:56 GMT -5 sealy said:

Ok i can see clearer now. Take care of your finances and that will take care of my score. I know i shouldn't care what it is as long as I'm working on becoming debt fee but getting to that score one day will be awesome. I don't want more credit cards. I'm not looking to finance anything else. It's the score that matters to me. That and being debt free. I will stop obsessing over it and I am going to close it even though I know it will set me back again as far as my score goes. I don't want/need more credit. I an working towards stability and that's what 800 is for me.

Stability is the best goal you could have!