My credit card limit was recently lowered from 17, 000.00 to 5, 000.00 dollars. When I called to question this action I was told that I have delinquent accounts on my credit report and that my proportion of balance was to high. The people I talked to said that My credit score showed delinquent accounts, so I went and looked at my credit report which I pay American Express to monitor, and nothing has changed for a long time. I have had no delinquent accounts in a long time, and I certainly have not have had any since I applied for this card and got it about 8 months ago. They told me that they credit report I was looking at which was all threee of the credit reporting agencies was only 75% accurate. How is that possible what am I paying them for if I only get some of my credit report? They then told me that I do not pay enough each month, in November of 2008 I paid 9, 000.00 dollars, well above the minimum payment, also I pay more than the minimum payment every month. My question is the legality of this. I assume this hurts my credit, and If they do this whithout good cause and without any grounds is that legal? They will not tell me anything more but that, I just dont see how this is legal. Also this happened to my parents company. They own a small buisness, and American Express cut their credit limits and told them it was do to credit scores. When hey researched it they found that they were wrong and that their credit was excellent and they always paid their bill, American Express gave them the run around for 6 months until they just gave up. This is wrong if not legally than morally!