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1 December 2008

Discover Card Lowered My Credit Limit… But My Credit Score is 750?

Credit Cards, Financial Crisis

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I have officially been hit by the credit crisis.
According to a letter I received from Discover Card today, my credit card limit has been reduced by $2,500 ($7500 to $5000). Even though I have an excellent credit score in the mid to high 700s, I’m not immune from a credit …

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For legality reasons, it should be mentioned that I am in no way to be considered a financial professional in any capacity. I do not hold any certifications or degrees within the financial field. I’m just a guy writing about personal finance, investing, or other money saving tips that I think the money conscious crowd might find helpful. You should never take any information on this blog (or any other blog) as financial advice unless that is their stated goal.

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