Credit Limit Revoked = Credit Rating?

creditcardhelp · 06:18 PM

Hello,

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!!!

06:18 PM	#1
creditcardhelp Green Member Join Date: Jan 2010 Location: Canada Posts: 5	Credit Limit Revoked = Credit Rating? Hello, 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!!! Last edited by creditcardhelp : 01-26-2010 at 08:56 PM.

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