Please help if you know the laws on this. This is regarding the practice of lowering credit limits to just under the balance on the day the finance charges are charged, without giving any notice, causing the account to be over-limit.
I contacted my CC's customer service department in July of...
First, some background information. I am 30 years old and, up until recently, had very good credit. I have had only one credit card for 12 years that I only used for emergencies and always paid the monthly payment on, often more than the minimum. I did have a couple other credit cards in that...