Is your Credit Card Limits going to be lowered automatically?

Hi there, I hope all is well today in your home. I saw great video online on CNBC that talks about specifically what I have been telling my clients in my credit class. Even though many of you have never had credit challenges, you are seeing your credit limits lowered! Read and watch video below!

Your friend,
Carlos Samaniego, CMPS
Certified Credit Restoration Expert

Interesting article on consumer spending, credit, jobs and our lending environment.

Citi, BofA, Chase = 50% of the US Credit Card Market.  It's expected that they will reduce credit line amounts up to 45% over the next year.  The link to the video is below.

Meredith Whitney on Financials
Meredith Whitney, executive director of equity research at Oppenheimer, discusses the credit crisis and her outlook on the financial sector.