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Caught in credit crack-down?

Banks have tightened up their lending practices and now many credit card holders, even those who haven’t missed a payment and have good credit, are finding their credit limits being lowered.

 

Banks are trying to limit their risk at a time when more customers are missing payments, but some good customers are getting caught up in the crack-down on credit. Has your credit limit been lowered? Have you been hurt by the credit crack-down?

 

Grab a video camera and tell us your story. Share your iReport with CNN personal finance editor Gerri Willis and you could be featured on CNN.



Tags: personal, finance, mortgage, college, economy, retirement, money
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