- Green Member
- Posts: 6
- Joined: Tue Jan 26, 2010 8:14 pm
- Location: Canada
Can someone please be kind enough to explain how if credit limit is revoked (credit limit is now $0 due to credit company making it $0) affects credit rating?
Is this considered a "charge off" account? I spoke with the credit card company they said its not a charged off account, its considered "credit limit revoke".
However, I cannot use the credit card and would have to reapply for a new credit card. Can someone please tell me how this affects my credit rating. Thank you so much!!!