About Credit / Debt Management: Suprise Credit Limit Cuts - What To Do

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	from LaToya Irby In this credit crunch, not only are banks more reluctant to give out new credit and loans, they're cutting back on the credit they've already given you! Banks have been reducing credit limits for months now and it doesn't appear to be slowing.
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Amex Reduces Credit Limits Due to Other Customers Most of us can understand getting a credit limit cut because we were too close to the limit or made a late payment. Having your limit slashed because of what other customers are doing is ridiculous. But, Amex is doing it.              More Topics Post-Foreclosure Credit Repair Credit Repair Taxes on Cancelled Debts Reducing Debt How to Rent With Bad Credit Everyday Credit Issues The Worst Credit and Debt Advice Avoiding Debt 5 Stupid Ways to Pay Debt Reducing Debt 10 Side Effects of Bad Credit Credit Repair How to Avoid the Most Common Fees Credit Card Basics 5 Ways to Avoid Over the Limit Fees The bad thing about a credit limit decrease is that you could unknowingly exceed your credit limit causing you to pay a fee as much as $39. Find out five ways you can avoid over-the-limit fees.   Get out of the Over-the-Limit Fee Trap Once you've gone over your credit limit, you could get caught in a trap of continuously going over the limit and paying the credit limit fee, even if you don't make any purchases. Find out how this trap works and how you can get out of it.     Sponsored Links   Boo! Have a Spooktacular Halloween Find easy ways to make your Halloween unforgettable -- thrilling DIY decorations, frighteningly delicious recipes, and budget-savvy costume ideas for every age.

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