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I wonder if I should have my credit card limit reduced? It's $20k right now on one of my cards and I'll never need to charge that much at one time. If someone steals the card number they'll have more credit limit to charge against.
I'm afraid having my credit limit lowered will reduce my credit score. I'm pretty sure one of the score formulas is total debt vs. available credit. If I have the limit cut back to $5k it seems it would have a negative effect.
posted by 70.160.115...
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