Does Living In California Make You A Higher Credit Risk?

Paul Smith, who lives in San Diego and has a credit score of 751, had his HSBC credit card limit lowered from $7,000 to $1,400 recently for mysterious reasons. He called HSBC to find out why.

[Paul] spoke with a customer service representative who identified herself as Lisa, who “told me that the reason [his credit limit] was cut back was due in part to the financial situation in California. Also in Nevada, Florida and Arizona.”

MSNBC contacted HSBC for confirmation, but the bank only provided an intentionally vague response that neither confirmed nor denied whether the state you live in might impact your ability to get credit.

“Living in California Bad for Your Credit?” [MSNBC] (Thanks to Alicia!)
(Photo: paalia)