Home Depot
Credit Limit Cut From $3,500 to $500, No Missed Payments

Construction & Repair

Home Depot decided to decrease my credit limit from $3,500 to $500. What can you buy at Home Depot for $500? The standard reasons were given in the letter, which I got after being in line at Home Depot with purchases that were over the credit limit. Of course, I have never missed a payment or been late with one either.

This decrease was determined by studying a credit report and deciding that I may not someday make my payment. I have had this card for several years, but Lowes has the same merchandise. I guess business is down at Home Depot. I wonder why?


Company: Home Depot
Country: USA
State: Nationwide
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