Possible Cause of Credit Limit Reductions or Account Closures

There are many reasons why the credit card issuer may have taken an adverse action against you.

1. Credit Score Related – Credit score falls below minimum score threshold. Action could be based on how far below the threshold the consumer falls.

2. Credit Data Related – A new delinquency hit the credit report; a new inquiry hit the credit reports; a new credit card hit the credit report; the consumer increased the amount of debt he or she is carrying; the consumer's credit card utilization increased on one or all cards.

3. Geography and Economy Related – Consumer lives in an area where home values have descended (no equity). Consumer lives in an area where the unemployment rate is disproportionately high.

4. Issuer Related – Issuer determines that your account cannot remain profitable under current terms