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Credit Card Limits Going Lower, Rates Staying High

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. [More]