Credit Card Limits Going Lower, Rates Staying High

A FICO survey of risk officers at various financial companies found that they overwhelmingly agree that credit cards are going to get even crappier for consumers in the coming months. 83% said that card limits are going to go lower. 95% said that interest rates could go higher or stay at the currently high levels. Just two more reasons to cut the plastic.

Terms On Credit Cards Will Keep Getting Worse, FICO Survey Finds [MoneyBuilder via]