A little blog where I explore credit cards for bad credit
They are lowering the limits for many consumers and restructuring terms and rates. Many banks have already decreased credit limits for consumers in good standing. And it is estimated that about 60 percent of banks have cut limits for subprime consumers. Banks are examining credit reports and reviewing credit scores for consumers who have existing credit cards with them. They have the right to reduce limits for those who have spotty payment histories or high balances that are consistently met with only minimum payments.