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Posted on 03.18.09 by thisweekon @
So I was reading up on these horror stories about credit card companies now. Apparently the credit card companies can just lower your credit limit at anytime without giving you any warning. So if you have a $5000 credit limit and say you have a balance of $900 on it…they can actually lower you credit limit for no reason to $300 which means if you can’t pay it off you have major interest to pay as well as fees for going over your limit! And it will be like this until June 2010! That is horrible! Shame on them for taking advantage of this terrible economy! Filed under: Finances Comments:
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