revolving line of credit

How do you lower your credit limit without lowering your overall credit score?

I have only have one revolving credit card, and I have a very high credit score. Because of this overall score they subsequently increase my credit line, even though I don’t ask for or use this revolving line of credit. Question? I have been told if you ask for a credit line decrease they lower your overall credit score? Why? What can you do to minimize a lowered credit score?

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Sunday, July 19th, 2009 Debt 11 Comments