Posted by Kevin

Today I got a phone call from American Express to let me know that they are reducing my credit limit.  I asked them if I was late on any payments and she said about 18 months ago I was late.

So now I was getting a little worried, what exactly had I done – I thought that this was a Phishing attempt,, perhaps a way for me to give up some personal information over the phone.

She said that I could just login to my account online, assured me that it was accurate and they would be reducing my credit limit.   They (AMEX) had revieved my credit balance, my OTHER credit card balances and determined that eventhough I have not been late – I am a CREDIT RISK.

So I am now about about $8,400 in credit card limit and my current balance is about a quarter of that.  If anyone knows what can be done please let me know.  This is shit.

It is not as bad as these other people that I found on Google -

http://answers.yahoo.com/question/index?qid=20081112180702AAaWR7G – Hers was lowered to below her current balance!

http://www.thenewstribune.com/business/story/541160.html