Credit Line Cut? Credit Card Closed? Tell Us About it.

[Joshua Dorkin]

Two weeks ago I was informed that my Chase credit card, a card I've had for around 15 years, was closed. I was told that I don't use the card enough and that I was "costing Chase money." I'm sure my FICO will be negatively affected . . . Thanks Chase! :shoot:

Many of my investor friends have told me that their credit lines have been cut, interest rates boosted, and I've heard plenty of other stories from people with good to great credit of credit woes thanks to (Pick one or all: the economy, greedy banks, Congress & the Obama Administration, Bush, Fill in the blank ________).

Have You Had Your Credit Affected thanks to the Downturn?

Share your story below.

[Joshua Dorkin]

They should have given them 0 days. The law should have gone into effect immediately, so the CC companies wouldn't have the opportunity to screw the consumer like they are doing now, Eddie.