So during the COVID lockdowns, we had to use credit cards to pay some bills and buy food. Now that we’re in a better place, we’re trying to pay them down. My husband and I are on the same cards as either the cardholder or authorized user, so it’s affecting us both.
We had an emergency with our dog last year and we had to use care credit. We started out with a $700 limit and used about $600. We finally got the balance under $300 and then we got the notice that our limit was decreased down to $400. My husband called and asked why and they told us because we haven’t used it. My husband told them that we were paying it down to hopefully use it again for our pets annual vet visits and all of that. They told us that he needs to apply for an increase and that they will pull his credit again. He said no because he doesn’t want the inquiry.
We also have a Visa Best Buy card that had a $950 limit with a $900 balance. We finally made more than the minimum payment and got the balance down to $600. Then 2 weeks later got the email that the credit limit was decreased to $650 because of credit score.
We’re trying so hard to fix our credit and pay things down and it seems like our credit scores just keep falling. Is it normal for this to happen when paying down credit cards? I would have thought that since we were paying down the care credit, it would look good to them, not bad. And care credit isn’t like a credit card so it’s hard to use it just anywhere. With the Best Buy card, we’ve had a high balance for so long and never missed a payment on it. We just did minimum payments. I didn’t know that they just randomly pull credit scores and can decrease like that. I feel really discouraged.
Submitted March 01, 2022 at 10:40PM by Babymama13 https://ift.tt/YRAIe8Z
