Quote:
Originally Posted by AZNNC
MY REBILLS ARE SHIT right now!
I lost about 20% of my rebills from November to December.
And I am almost getting no rebills this month.
Did something change? People's credit cards all expire Dec 31st?
wtf? |
even if peoples card expires the new card takes over rebills, I know it sounds crazy but thats how it works
but what did happen is banks are chopping peoples credit line and also taking away peoples cars, today there is a story of amex taking away a amex plat from someone even thou they made payments ontime (amex felt because that persons score changed since they took out a loan its best if they shut the persons card down).
http://www.nypost.com/seven/01042009...led_147081.htm
and here you can see that even for good customers banks are cutting the lines
http://www.businessweek.com/smallbiz...cut_credi.html
So if you have someone with a 5000 credit limit that had 3200 of their card being used for stuff and the bank cut their limit to 2500 all of a sudden they are seriously fucked, and yes this is happening to millions of americans