An unhappy HSBC credit card holder sent this report: “Yes, I have had the same thing happen. I had a credit line of unsecured credit of over $10,000.00 “just in case”. I have been paying way more than the minimum and just signed a couple 0% offers and was planning on paying this off.
After my 1st big payment of $900, I went to pay my 2nd to find out they had reduced my limit to $250 over my current balance of $5,500.00 due to stuggling economy. I told them I was not struggling and should be held responsible for their company’s bad moves in the past.
So now as I sit at 97% credit used, this could affect my credit score. Glad I had a plan to get out before this hit. Too bad, I was going to use this as a house down payment or a family emergency. I have noticed this on other credit companies too.
I plan on them deleting my account after I get done paying this off.
Very disappointed…”
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