i heard on the radio that us CC companies made 1.2 TRILLION worth of credit just disappear in 2009.
and they were lowering limits on people across the board, depending on how much debt that individual branch of the CC had outstanding
it was all part of the banking "health" check that was going on.
none of mine were lowered, and I dont think any of my rates went up, but as soon as i closed on my house i canceled all the cards i had played the 0% game with, and just kept my oldest card with the most credit history, and my daily card, that i get rewards on.
not sure if it changed my credit, but i was up there to begin with, so i assume i am still safely way above average. and i don't give a fuck about my credit score now that i locked down my mortgage/housing situation
and they were lowering limits on people across the board, depending on how much debt that individual branch of the CC had outstanding
it was all part of the banking "health" check that was going on.
none of mine were lowered, and I dont think any of my rates went up, but as soon as i closed on my house i canceled all the cards i had played the 0% game with, and just kept my oldest card with the most credit history, and my daily card, that i get rewards on.
not sure if it changed my credit, but i was up there to begin with, so i assume i am still safely way above average. and i don't give a fuck about my credit score now that i locked down my mortgage/housing situation