Hand of a man rearranges word blocks to spell out credit limit

Higher Credit Limits Could Mean Higher Credit Card Debt

At the start of the pandemic, many credit users were shocked to realize that their credit scores had dropped without warning. The drops had nothing to do with how they were managing their credit card debt. Instead, they were caused by credit card companies decreasing customers’ credit limits without notice. The practice is more common […]

2 people on a trapeze signing a contract (illustrated)

Credit Card Debt Negotiation

Despite the pandemic leading to record unemployment last year, Americans managed to pay off record amounts of credit card debt, largely thanks to two rounds of stimulus.[1] What’s more, the federal government leaned on credit card companies to be flexible, asking them to extend deferment options, where customers could reduce or pause payments completely.  However, […]