I recieved a letter from GE Money Bank informing me that they reviewed my credit history and they decided to lower my credit limit from $300 to $230. It's only a small reduction compared to other reports I seen about this particular financial institution. But it is the fact that if my credit limit is reduced my credit rating is also affected (correct me if I am wrong). I make my payment on time every month and I pay more that what is required. How can I get this reversed?
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