How to Blow Your Credit Limit -- Without Spending

[Hell Puppy]

Originally Posted by LizAEBN

I've always had an excellent credit rating, kept my revolving credit in line with my income, and also own a house. That hasn't stopped my rates and limits from being massively affected by this, to the point where I am almost unable to pay the few cards I still have balances on because my rates have gone up so drastically (in some cases 20+ percentage points) and the limits slashed below the balances I haven't added to in a year.

You need a bail out!

Nah, seriously, that smells like they're trying to milk those with existing balances but a good payment history.

Annoying as hell because those of us who pay our bills are catching the fall out from those who either do not or over extended themselves.

As I said, I've always paid my mortgage, house is almost paid off, and I've always lived well within my means instead of scaling my lifestyle up with my income. Dont I feel like a fucking idiot now....I could've had a bail out!!!!

[miz_wright]

Originally Posted by Hell Puppy

As I said, I've always paid my mortgage, house is almost paid off, and I've always lived well within my means instead of scaling my lifestyle up with my income. Dont I feel like a fucking idiot now....I could've had a bail out!!!!

I do feel, to a certain extent, that those of us who've made efforts to be responsible without money and income are being penalised in the current climate.

[tony404]

Originally Posted by Hell Puppy

You need a bail out!

Nah, seriously, that smells like they're trying to milk those with existing balances but a good payment history.

Annoying as hell because those of us who pay our bills are catching the fall out from those who either do not or over extended themselves.

As I said, I've always paid my mortgage, house is almost paid off, and I've always lived well within my means instead of scaling my lifestyle up with my income. Dont I feel like a fucking idiot now....I could've had a bail out!!!!

I dont think its those who dont pay their bills that causing them to piss on those who pay. The thing is they have about year before the new rules go into effect. like they cant do cute things like give you a rate of 5% once you got a nice large balance. They raise it to 24% on the outstanding balance. The new rule says you can change any rate but not on the outstanding balance. And a few other rules that wont let them fuck people as hard. They are preparing for that.