credit cards
Has your
credit limit been inexplicably lowered lately? Well, it might not be anything personal. The problem might be with your mortgage lender. Or where you've been shopping. Or where you live. American Express, long rumored to judge customers based on this criteria, has admitted that it evaluates who you do business with and where you live when determining how much credit to give you, says MSNBC.
More »
credit crunch
Reader Pierre is a small business owner who has an American Express Business Account that used to have a $25,000 limit, but has now been cut to $1,800. He says his company's bill is usually around $12,000 a month, and it is always paid in full — on time. While Pierre is clearly upset with American Express, the
Wall Street Journal says that all banks are cutting access to credit.
More »
credit cards
Chase likes to raise the rates of cardholders whose only fault is properly using their credit card, according to an
ABC 15 investigation. The rate hikes affect cardholders who do not exceed their credit limits or miss payments, with some APRs jumping from 7.99% to over 22%. From ABC 15:
More »
Consumerist
