Like many of you, I have received notifications that my credit limits have been cut on my credit cards. While this may seem to have little to no impact on me financially, I have learned there is an inherent credit score impact with these credit card company credit cuts.
Let’s take a look at how this is effecting small businesses negatively and how it hurts the consumer. I also have some ideas on how to deal with this by pushing business to smaller, more local institutions that may alleviate your pain and also the pain that these banks created and continue to create in our economy.
Continue reading »
Social Homes