✅With unemployment at its all-time high during this COVID pandemic, banks are reducing their risk by lowering credit limits. We’re going over how this affects you, your credit score, and why banks are even taking this drastic direction.

Some of the topics we will cover in this 2 Minute Q&A are:

Why banks are slashing credit limits
Historic credit limit reductions
Emergency Funds
Credit Score
Credit Utilization
Revolving Credit

We are getting to the bottom of this topic during this 2 minute Q&A. For more information on why banks and credit card companies are cutting credit limits check out my blog.

https://thepoisedlifestyle.com/banks-are-cutting-credit-limits/

#CreditScore #CreditLimit #CreditCard

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About Me

I am Sahirenys Pierce, a Latina millennial mom of two and the founder of Poised Finance and Lifestyle brand. The content you will find here is focused to help millennial women find a balance between their finances and lifestyle with poise. As a mom, I know how difficult it can be to find realistic financial tips that consider our struggles and situations. To bridge the financial literacy gap, I use my financial background and personal experience to educate and answer your top money questions from saving money, investing, and even explain relevant financial news.

Disclaimer:

This content is for educational and entertainment purposes only.


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