Quote:
Originally Posted by FMCoug
Not only that but they are dropping credit limits on a lot of people too. Which is great ... the logic is soemthing like this:
1. This dude's FICO is borderline, let's drop his credit limit.
2. Dude's FICO drops because his utilization went up.
3. Goto #1
Glad I don't carry balances ....
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Not only that but they drop your credit limit and then charge you a fee for being over the allowed limit.