I received my letter yesterday, December 23rd, that my credit limit had been lowered on December 8th and now closed. I had a l4,000 limit and owe 4,000.
In October of last year Bank of America in one phone call lowered my limit from l4,000 to l,000 and I owed $l00.00. Two weeks later NYTimes headline Bank of America was in Trouble. I think this means Citi is in trouble also. In both cases they went from pushing my using my credit line to being hateful as if "I" was the bad guy?
Their response to my phone call yesterday after receiving the letter was "what is it you don't understand"...Wow, what a turn around from just a few weeks ago of "we really appreciate your business, is there anything else we can do for you today?" And this reflects on our credit rating? When BofA did this last year my rating went from 760 to 732 and I only owed $l00.00!! What is going to happen to my rating now? If I am treated like this from my other credit card company I'm going to settle both accounts for less then I owe and set up payments with lower interest!
The criteria for credit rating is not how well you pay but how much trouble "They" are in. We Americans have got to Stand Up to massive Corporations that are ruining our lives and adding to the fall of America itself!
Location: Saint Louis, Missouri
Thank You for Your Reply! We are processing your message.