I never used it much, the letter said "account inactive". It's been equally inactive for most of the 20+ years I had it.

Coincidental timing, no doubt.

And the open account is a potential liability should the company servers get hacked.

and phone calls to get them reversed. They have since lost my business.

cuts to credit limits was starting, and here we are.

What a nice way to goose start the economy, and where is rump in all of this? Of course, I forgot, he's on the golf course yet again!

The PINO, no where to be found of course. The supreme dereliction of duty to this Country.

All of this is simply going to push the economy into a slowdown and I can't imagine rump going for this, being that he's trying to push every button that he can to goose the economy back up again so he can claim that the economy is 'roaring' again (which of course, it's not).

The missing commander in chief (PINO)...hmmm, perhaps an Amber alert needs to be sent out, but perhaps instead of an Amber alert, the local authorities can simply search all of the local golf courses and see if he is flopping around a golf course somewhere like a beached whale (can't miss it)?

Chatter from a quittance at the local Grocery Bank Kiosk was,with the Pandemic,people are maxing their Cards knowing full well they may not be able to repay their Balances.

Same thing happen in 2008 in our area. Banks see the nightmare coming at them and they do not want any Charge Offs.

they did this to me in 2008. I'm still getting over it actually. They also jacked up my rates. I'm still paying on one card that I refused to allow the rate to go up. I'll have it paid off in a year or so.

Get out of debt if you can! It is the best strategy against the heartless banks.

They are cutting their liability before an expected economic crash.

I cut up all of my credit cards 22 years ago. If I can't pay for something, I wait until I can. Bankers hate people like me.....

Twenty years from now, people will be trying to erase 2020 from history books......

They see something worse than 2008 on the horizon. They aren’t going to wait.

It adjusts your credit available to credit used ratio.

If you had a $1,000 limit and used $500, you used 50% of credit available. Now, they drop your limit to $500 and you’ve now used 100% and you take a credit score hit (it goes down).

At least that’s the way I understand it.

They also stop promotional balance transfer offers and increase your interest rate.

the percentage used. Paying on time and above minimums also affect the score.

He knows it won't be him.

COBRA was a pretty good name for that. It bites.

Also, never bring a credit card to the ER.

My wife survived all that, thanks to our state's "high risk" program which she was accepted to just days before her COBRA expired

Since then I push credit card and loan offers into the shredder.

My wife has pretty good health insurance now, for both of us, but we are keenly aware its attached to her job.

What sort of shithole nations don't have universal health care? That's right, this one.

That would be a way to limit your exposure to damage if a crash was about to happen.

on my Marriott card that they were cutting my limit, on the grounds that I wasn't using their card all that much. I'm tempted to pull the plug on them entirely, but one of the perks of paying the annual fee is getting a free hotel room every year. And my credit is excellent, over 800.