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LATEST BANK TRICK: First, We Get Your Credit Score Lowered, Then We Charge You More...
If skyrocketing bank fees and tougher credit standards weren't enough, the banks have an even sneakier tactic in their arsenal.
Banks are rushing to lower credit limits on thousands of unsuspecting card users.
Do you often pay your bill on-line, and don't even bother to open your paper bill? You better look closer. Your credit limit might have been cut by thousands of dollars!
Of course, we all know what happens when this happens. That's right - your credit score goes down, allowing banks to charge you even higher rates of interest. (I guess those billions from Uncle Sam just weren't enough!)
Read the full article over at Smart Money: http://tinyurl.com/66pud7
What can consumers do? Here are some tips:
http://tinyurl.com/5sczow
Banks are rushing to lower credit limits on thousands of unsuspecting card users.
Do you often pay your bill on-line, and don't even bother to open your paper bill? You better look closer. Your credit limit might have been cut by thousands of dollars!
Of course, we all know what happens when this happens. That's right - your credit score goes down, allowing banks to charge you even higher rates of interest. (I guess those billions from Uncle Sam just weren't enough!)
Read the full article over at Smart Money: http://tinyurl.com/66pud7
What can consumers do? Here are some tips:
http://tinyurl.com/5sczow
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