Relying on a credit limit in a shaky economy is the equivalent of expecting a weak bridge to weather a storm and carry you to survival. It’s not uncommon for credit card issuers to minimize their risk by lowering credit limits or closing accounts when there’s potential for economic distress. Credit card issuers took these…
Melissa Lambarena writes for NerdWallet. Email: email@example.com. Twitter: @LissaLambarena.
The article Increase Credit Limits Now in Case the Economy Worsens Later originally appeared on NerdWallet.