- 1). Inspect your credit statement to determine your credit limit. Look at your account's balance summary for your credit line. This shows the maximum amount of money available from your revolving credit line. Write down the contact information for the lender.
- 2). Complete a household budget to determine how much money you have available after paying your current bills. Use the budget to assist you in determining how much credit you can use and pay off quickly. Paying off your revolving credit accounts monthly typically prevents your paying interest charges to the lender.
- 3). Call the lender and ask it to decrease your available credit. Write down the name of the representative. Write a letter to the lender confirming your discussion with the representative regarding decreasing your credit limit. Sign the letter and mail it by certified mail. Retain the mailing receipts for proof of your request.
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