Originally Posted by
BostonMark
There isn't enough money to go around right now with tight credit markets, giving the banks great latitude to squeeze their customers and try to self select the best customers so once the new rules go into effect their portfolios will be more profitable.
Arent the "best" cutomers the "worst" ones? The ones that continually go over the limit and make late payments.
That is why they are cutting back on the people that pay on time and pay off the balance every month...They dont make money on them...