Oh, hail no!
My credit card company decreased my limit! They didn't even tell me. OK, they might have, but I don't open letters from them because I pay them on line. I just figured they were sending a thank-you note for me being such a dutiful customer.
I called them to see what had happened. Of course, the customer service gal did not know and read some statement about how the bank had reviewed my account and decided to decrease my limit. She said I could call TransEquifax or whatever and see what was what. Have you ever tried to call a credit report company? It is humanly impossible. I tried to press the key for vision impaired to see if I could get a live human being, but you have to have some special code.
I did more than just pay them on time and more than the minimum payment--I bailed them out! And this is how they repay me? SMH.
I cut 'em up. All of them. I'm downright frugal (again). I'ma start watching Suze Orman.
Posts
5 comments:
Most card companies use Risk base Algorithms, and matrix feed that combines information be feed into them by the credit bureaus, if you live in a community that has low numeric value that will impact your score, and even if you pay utilities late…its all be analyze to determine your credit worthiness!
So come see this little gem---
http://ramblings-fran.blogspot.com/2009/11/credit-card-reform-snark.html
fiore nailed it eh?
You need a laugh while you are fuming & chopping up credit cards.
These credit card companies are full of it.
American Express closed my account due to inactivity...
Kellybelle
Add these two books to your reading list, Money and Millionaire Next Door, the bankers are screwing us...and its only going to get worse!
The Banks are trying lower there risk exposure. That means lowering your credit line and closing inactive accounts.
Hi there KellyBelle,
I know what you mean but I think they do consumers a favor by reducing their credit limits...especially a month before Christmas.
Peace, blessings and DUNAMIS!
Lisa
Post a Comment