Originally Posted by
AmEx
"In this difficult economic environment..."
Here- let me run this thru my UnBushllit Filter:
Originally Posted by
AmEx
"Because we screwed up and lent the wrong people money a couple of years back, we're going to lower the limits on you, the responsible borrower, because we're scared of future losses. Besides, the barn is a lot more spacious now that the horse is gone anyway."
It's especially galling when you get this letter after a perfect repayment history raising your interest rate.
