fair isaac: Speaking of your credit recently, has this happened to you? - 03/11/09 02:41 PM
You open up your credit card statement and your shocked to see that your credit limit has been reduced to what you currently owe! Or worse, your American Express card was just declined due to your credit limit being limited (and you thought AMEX didn't have a limit).
As the economy continues to slide off a proverbial cliff, credit card companies/banks are looking at record default and bankruptcy.  Their taking swift action to shore up their losses, and they may end up doing it at the consumers expense.
Credit Reporting has become a science, and the "evil" empire, Transunion, Experian and … (2 comments)