credit card companies are not only lowering credit limits in response to the economic crisis. They are also more likely to cancel inactive cards. This can reduce your credit score by reducing the amount of credit available, but also by shortening your credit history. If you have one or more credit cards that are not used for a while, but that are still open, consider whether you need to cling to them before the credit card company decides to you. If the map used a very high credit limit or is one of your oldest cards, consider using it for occasional small purchases to keep active and open. newer cards or cards with lower credit limits are less critical to your FICO score so you can consider closing these types of unused credit cards, or allow the credit card company to do it for if they wish.
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