rk911
Thinks s/he gets paid by the post
lifted from the Sunday, August 30, 2020 edition of The Daily Herald.
https://edition.pagesuite.com/popov...3a81ec-2d07-4e8e-83c1-42741261182d&appid=1031
this just happened to us. the credit limit on our 'emergency' card wss reduced 66% from $15k to $5k.
____________________________________
By Jenny Surane (Bloomberg)
U.S. credit-card lenders are beginning to pull back on the business even as consumers keep up with their bills during the coronavirus pandemic.
Total credit on new accounts slumped 8.3% in the second quarter from a year earlier, to $78 billion, the first decline in more than two years, according to data compiled by credit-reporting company TransUnion. The average credit line issued for new accounts fell 9% to $5,257, with declines across all tiers of borrower riskiness, the figures show.
[mod edit for copyright, see Gumby’s FAQ https://www.early-retirement.org/forums/f32/copyright-the-dmca-and-cut-and-paste-62748.html ]
https://edition.pagesuite.com/popov...3a81ec-2d07-4e8e-83c1-42741261182d&appid=1031
this just happened to us. the credit limit on our 'emergency' card wss reduced 66% from $15k to $5k.
____________________________________
By Jenny Surane (Bloomberg)
U.S. credit-card lenders are beginning to pull back on the business even as consumers keep up with their bills during the coronavirus pandemic.
Total credit on new accounts slumped 8.3% in the second quarter from a year earlier, to $78 billion, the first decline in more than two years, according to data compiled by credit-reporting company TransUnion. The average credit line issued for new accounts fell 9% to $5,257, with declines across all tiers of borrower riskiness, the figures show.
[mod edit for copyright, see Gumby’s FAQ https://www.early-retirement.org/forums/f32/copyright-the-dmca-and-cut-and-paste-62748.html ]
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