Credit Card Co. Changing the Rules on You? Freeze it!

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.

Credit Cards: Hit With A Credit Card Rate Hike? Try Freezing The Account.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s