spend 10: Shop at the Wrong Stores and Have Your Credit Limit Reduced
- 03/17/09 05:48 AM
Sunday one of my media contacts told me that he had found out that credit card companies have already started reducing their customers' available credit based upon their shopping patterns. He said that card issuing banks are looking at where you use your card. If they determine that other customers who shop with the same merchant have a higher default rate than normal, they will then classify you as a higher risk and reduce your credit limit - even though you have a perfect payment history. One of the merchants that he specifically mentioned was Wal-Mart.
"Guilt by association" or … (0 comments)
spend 10: Spend Ten to Jump Start Our Economy --- 10 Things REALTORS Should Do Today
- 03/06/09 07:26 AM
Spend Ten to Jump Start Our Economy It's time that we take back our economy. We've been waiting too long for someone to do something. Banks are failing, jobless claims are up, and homes are foreclosing in record numbers. Bailouts have occurred and economic stimulus is on the way - eventually. Meanwhile, more people are starving and becoming homeless. Americans must act NOW to stop this crisis and once again move our country back to glory as the financial leader of the world. In 1776 the United States of America was founded for the people and by the people. So … (2 comments)
Sunday one of my media contacts told me that he had found out that credit card companies have already started reducing their customers' available credit based upon their shopping patterns. He said that card issuing banks are looking at where you use your card. If they determine that other customers who shop with the same merchant have a higher default rate than normal, they will then classify you as a higher risk and reduce your credit limit - even though you have a perfect payment history. One of the merchants that he specifically mentioned was Wal-Mart. ;)
;)
