Credit Card Companies are not your friends.
Just when our communities are hurting the most, the credit card industry is putting more pressure on their card holders.
“One in 4 Americans with credit cards said they had an account involuntarily shut down from mid-May to mid-July, while 1 in 3 said their credit limit was reduced, according to a new report from CompareCards.com that surveyed 1,003 credit cardholders.” (Yahoo.com)
I have seen this before when they changed their terms to “help our customers” by doubling the minimum payments.
When possible, consider local banks and credit unions.
Hang in there.