@Uborrow-Upay wrote:idmd, I'm not making a judgement here. I'm sorry if it came across that way to you. With all the adverse actions being taken by these banks, I'm trying to find the safe path through this minefield, and to do that, I'm trying to look at what might make the bank nervous, from its point of view. I believe that a high utilization along with just minimum payments for a period of time makes a bank nervous enough to limit it's risk and CLD an account. That is all I'm saying, and it's just an educated guess at best anyways.
And of course you are right when you say there is no rhyme or reason for many of these adverse actions. But some things may just put someone on the radar for an AA, and we're trying to figure out what those things are. No judgements here whatsoever.
No I'm sorry if you thought my response was directed specifically at your post - it wasn't and it isn't my intent to single it out.
It's a common attitude here that we are at the mercy of the CCCs and I completely understand where it comes from although I don't agree it's the only way. Many people here are relying on their credit to pay bills, rebuild credit, etc, etc, etc and it's frustrating to have the rules of the game changed when it's no fault of your own. With the economy the way it is it's also easier to go along with the changes because making changes may have an adverse outcome on your credit. I just wanted to give an alternative interpretation of what's going on.
From my point-of-view I refuse to be bullied by CCCs and I will not do business with companies who do this to customers (regardless of whether or not it impacts me personally) and I don't want people to blame themselves or feel helpless if it happens to them. Credit is a product you pay for like any other product. If you bought a Dodge and it didn't live up to your expectations you probably wouldn't buy another Dodge. If you use a credit product and it doesn't live up to you expectations why would you continue to use it (yes I know it's not apples to apples and not everyone is as free as I am to make these decisions but you get the point).
What's weird is people form a personal attachment to their credit products and a strong loyalty as well. I can assure you most of these CCCs do not have ANY loyalty to you. You are number and if your credit profile matches a predetermined number a little computer spits out your RJ or CLD and that's that.
You can find posts where I talk about USAA/PenFed credit products and how happy I am with customer service, rewards, etc but make no mistake that if USAA or Penfed's products do not make good business sense in my life, or they change terms to a point where I can no longer use them as intended then see ya! My loyalty to these companies goes about as far as how they treat me today and it's - "what have you done for me lately!?"
Diatribe over…...
P.S. - I don't think you're being judgmental and I would change any posts! ALL of these points are useful for the sake of discussion. They just differing views and that's what this board is about.
P.S. #2 - My first post was a little grumpy as it was before any coffee made it to my lips. The second post was written after my second cup 
idmd wrote: My first post was a little grumpy as it was before any coffee made it to my lips. The second post was written after my second cup
DW knows there's a two-cup minimum for me before she can speak, ask, approach...whatever. So, I know the mode..no problem! 
