Tag Archive

Warning: Your credit limit can be cut BELOW the amount you currently owe!

Published on March 19, 2009 By BillyOceansEleven

Imagine owing $360 on a credit card with an $8,600 limit, only to have the limit cut to $300 and then be assessed a $35 over-the-limit fee. That’s what happened to Paul Pensabene of Saratoga Springs, N.Y., according to this article from SmartMoney.com. Thankfully for Paul he was able to get the fee waived and [...]