Quote:
Originally Posted by AnitaOwens.com
Hi I am new to the site, but this caught my attention since it happened to me. I have excellent platinum credit and have never been late on any payment. I have an American Express that has a $25,000 credit limit that is totally paid off and now and then I will use it for a large purchase to get the sky miles. I went to buy a $900.00 generator last month and my card was declined. Shocked I called the company and they simply told me they decided to lower my credit limit on my platinum card to $800.00 with no notice and that was that.
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Hi Anita and welcome,
I read similar stories everywhere. I don't think the situation is as bad here in Europe as it is in the US.
Get rid off CC debts as soon as possible and try to avoid paying with a CC if you can.
I don't even wanna think about the ramifications for the economy...
Get prepared for some drastic changes.