Forum about bad credit credit cards
In fact, some customers whose accounts are current have even had their maximum credit amount lowered. And it is estimated that about 60 percent of banks have cut limits for subprime consumers. Many banks are reevaluating the credit histories and scores of customers who currently have credit cards. They have the right to reduce limits for those who have spotty payment histories or high balances that are consistently met with only minimum payments. Interest rates may be increased, which means minimum payments will increase.