No. of Recommendations: 0
I am in a similar situation - I manage my credit carefully and avoid late fees, finance charges and am very careful before taking advantage of any promotional offers. I did have one credit card limit reduced by about $5000. There was no explanation for it - they just decided I didn't need it - and the consequence was a drop in my credit score as my debt to credit ratio increased.

Fortunately my score was solid to start with so I did not have difficulty replacing the credit (which I did for reasons other than to lower my debt to credit ratio), but that also resulted in a ding to my credit score because of the opening of a new account. These indiscriminate actions taken by the banks do have real world implications and in a number of cases have pushed consumers who have been dealing with major issues such as reduced or loss of income, devalued mortgages and such, over the edge.


Wasn't it the indiscriminate action taken by the banks - of granting you credit and reporting your good history to the CRAs - that helped you get a good score in the first place? And haven't those actions in general provided many benefits to our population of consumers?

If I hear a person whining about his car not being good enough, I'm going to wonder if he's forgotten what it was like to walk everywhere.
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