http://strangestories.info/credit-card/borrowing-money-from-credit-card-at-25-30-think-again/ Latest Strange News Stories from All Over the Globe Tue, 15 Feb 2011 14:16:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://strangestories.info/credit-card/borrowing-money-from-credit-card-at-25-30-think-again/comment-page-1/#comment-686 Laureen Correia Thu, 27 Aug 2009 12:42:40 +0000 http://strangestories.info/?p=332#comment-686 The credit card industry has a new way of damaging peoples's credit scores. They are reducing credit limits to within a couple hundred dollars of peoples's balances. This effectively raises the percentage oge credit used and will lower the credit score of the individual. With no other factors changed, I have had limits reduced by 3 major issuers which has raised my debt ratio from 35% to over 80%. These are the same companies that the us government gave money to to help with housing market. But now they can say that they can't lend to people with bad credit scores. But they have manipulated the scores. this is the worst type of fraud that is being perpetrated of the public. Why is no one talking about this? Why is no one investigating these companies? The credit card industry has a new way of damaging peoples’s credit scores. They are reducing credit limits to within a couple hundred dollars of peoples’s balances. This effectively raises the percentage oge credit used and will lower the credit score of the individual. With no other factors changed, I have had limits reduced by 3 major issuers which has raised my debt ratio from 35% to over 80%. These are the same companies that the us government gave money to to help with housing market. But now they can say that they can’t lend to people with bad credit scores. But they have manipulated the scores.
this is the worst type of fraud that is being perpetrated of the public. Why is no one talking about this? Why is no one investigating these companies?

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