Comments on: Avoiding a Credit Score Death Spiral http://www.creditcardwatcher.com/avoiding-a-credit-score-death-spiral/ Keeping an eye on the best credit card offers Tue, 07 Feb 2012 07:43:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Cyrus http://www.creditcardwatcher.com/avoiding-a-credit-score-death-spiral/#comment-4372 Cyrus Sat, 03 Jan 2009 17:08:48 +0000 http://www.creditcardwatcher.com/?p=340#comment-4372 I had a card with GM. They cut my limit from $5000 to $300!! A $300 limit credit card? Are you kidding me? I had a card with GM. They cut my limit from $5000 to $300!! A $300 limit credit card? Are you kidding me?

]]> By: Mike http://www.creditcardwatcher.com/avoiding-a-credit-score-death-spiral/#comment-4294 Mike Wed, 17 Dec 2008 19:12:13 +0000 http://www.creditcardwatcher.com/?p=340#comment-4294 The same thing happened to me with Citibank.They cut the credit limit of my Citibusiness card, which I've had for about 10 years, from $22,900 to $3500.I've never paid a bill late, bounced a check, or exceeded my credit limit in my life, not just with Citibank but with anyone. Of the blogs and forums which deal exclusively with credit cards, this is the best one on the 'net. The same thing happened to me with Citibank.They cut the credit limit of my Citibusiness card, which I’ve had for about 10 years, from $22,900 to $3500.I’ve never paid a bill late, bounced a check, or exceeded my credit limit in my life, not just with Citibank but with anyone.

Of the blogs and forums which deal exclusively with credit cards, this is the best one on the ‘net.

]]> By: North http://www.creditcardwatcher.com/avoiding-a-credit-score-death-spiral/#comment-4268 North Tue, 16 Dec 2008 03:09:25 +0000 http://www.creditcardwatcher.com/?p=340#comment-4268 What American Express is doing to credit scores by cutting credit lines of good paying customers should be illegal. I personally have filed a complaint with Office of Thrift Supervision, Federal Trade Commission and I have written a letter to Senator Chris Dodd. If anyone has had their score impacted they should speak up that's the only way to protect ourselves. The number of "bail out" packages won't matter if the consumer cannot make purchases. What American Express is doing to credit scores by cutting credit lines of good paying customers should be illegal. I personally have filed a complaint with Office of Thrift Supervision, Federal Trade Commission and I have written a letter to Senator Chris Dodd. If anyone has had their score impacted they should speak up that’s the only way to protect ourselves. The number of “bail out” packages won’t matter if the consumer cannot make purchases.

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