There have been a lot of people talking about this-credit card companies have been dropping credit limits because they are fearful that people won’t be able to pay back so much debt (ya think?) and the next black eye is that they are now increasing interest rates because balances are too high…BECAUSE they reduced the credit limit! If this is happening to you, sometimes the best thing to do is freeze the account and just start paying it down. It’s not CLOSING the card-just FREEZING it so it doesn’t hurt your credit score. It’s a win-win.