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A new study by Fair Isaac Corp., the Minnesota-based developer of the FICO credit score, reveals that lenders reduced credit limits for more than 30 million cardholders between April and October last year. Most of the adjustments, those made on credit limits for approximately 22 million cardholders, were not for risky behavior such as making late payments or having accounts sent to collections, according to Fair Isaac. Borrowers in this group typically had inactive or low-balance card accounts with few missed payments and a long credit history. Overall, lenders cut credit limits for cardholders in this group by an average of $2,200.

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