Credit card companies are hurting your credit score with the new rules that are coming out. Across the board credit card companies are cutting credit lines, lowering credit spending limits and closing credit card accounts. Well this may seem benign to some it is actually hurting your credit score. When your credit card is closed, all of your credit history goes with it. Continue Reading »
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Posted in General Debt Articles
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
