FICO Confirms: Reduced Credit Lines For Good Borrowers

FICO Confirms: Reduced Credit Lines For Good Borrowers

A study from Fair Isaac confirms that even the best borrowers are seeing their credit lines slashed as banks move to boost profitability during the recession. 16% of Americans have seen their credit lines reduced by an average of $2,200, and of them, 11% had no late payments or negative marks on their credit report.