2008-06-21 Banks Trimming Limits for Many on Credit Cards

2008-06-21 Eric Dash New York Times \US economy http://www.nytimes.com/2008/06/21/business/21credit.html Banks Trimming Limits for Many on Credit Cards Banks Trimming Limits for Many on Credit Cards &ldquo;After fostering the explosive growth of consumer debt in recent years, financial companies are reducing the credit limits on cards held by millions of Americans, often without warning.&rdquo; ''And yet we continue to receive card offers, checks for low-interest transfers to our existing cards, and ever-higher credit limits -- despite the 2008 financial meltdown happening in the interim. WTF? -{{woozle.init ''

&ldquo;After fostering the explosive growth of consumer debt in recent years, financial companies are reducing the credit limits on cards held by millions of Americans, often without warning.&rdquo;  {{:project:code/show/link}} 