You most certainly can lowera credit line without notification or adverse action. It depends entirely upon how how the decision is made.
IF credit scores or bureau data was used to lower the limit, an adverse action letter must be issued, but this is often not the case. Lines are often dropped simply because the person isn't using them - no internal or external credit scores used in the decision = no adverse action. I used to do it all the time. And one of my cards just did it to me.
__________________
The same old statman...
|