Tag Archives: cards

Expect Tidal Wave Of Limit Reductions and Credit Card Closures to Hit Before Christmas

Yesterday I wrote about a little old hardware store that had noticed an increase in card purchases over cash. That’s not a good sign if people are using plastic more for routine things and especially in this environment of credit card issuers reducing credit limits, raising interest rates and closing cards. You see, the credit [...]

Credit crisis hits even people not late on bills

Credit crisis hits even the diligent The Tennessean, TN - 1 hour ago He said Bank of America told him it was increasing the interest rate on one of his cards because he had too much credit card debt . …