Is a credit card company allowed to lower your credit limit? A credit card company is allowed to lower your credit limit without warning if they see fit. The credit crisis has many credit card companies in a real bind. Many credit card companies just can’t pay their credit card bills and are defaulting on their credit cards. The credit card companies want to beat you to the punch and don’t want to extend themselves any further than is necessary.
My Credit Limit Has Been Lowered, Why? Continue Reading »
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Posted in Credit Card Articles
What should I do if I cannot pay all of my bills. According to Dave Ramsey you need to prioritize. The necessities need to come first. Food, Transportation and housing should be your top priorities. If you can’t pay your credit cards you may just need to let them go for now. You will find that your mortgage company will be alot easier to work with than your credit card company. Mortgage companies are taking extraordinary measures to work with you. In fact Fannie Mae has stopped eviction and foreclosure proceedings until Continue Reading »
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Posted in General Debt Articles
