Banks and Lenders May Cut Credit Limits Even More

During the end of last year, many people (including citizens of good credit) noticed their credit limit being slashed. Now, experts believe that another wave is coming. Remember the new regulation that Congress passed so everyone is supposedly better off? Well, credit card companies are scared now and will try to fix their balance sheet by further reducing risks. This means further credit limit cuts in the not too distant further. Furthermore, consumers will probably start to see higher fees,