Credit Repair Attorney

The sub-prime mortgage crisis has led to several proactive and somewhat defensive actions on the part of credit companies of all types, and a recent article that appeared in The Consumerist tells the tale of one specific step that credit card companies are taking – slashing credit limits as soon as there’s reason to suspect a risk.“The continuing subprime meltdown is leading jittery creditors to reduce cardholder credit limits at the first sign of trouble. According to a recent survey, up to 75% of banks are cutting credit limits to minimize their exposure to risk. The move can adversely affect credit scores, which are determined by considering the percentage of available credit used.”

If this has happened to you, or you are in need of credit repair in general, contact the credit repair attorneys at Smith & Garg today to schedule an initial consultation.