Your spending power is about to be greatly reduced or removed all together.
What people don’t realize as that the economy gets worse and worse; these lending companies; these credit card companies and buy now, pay later companies are all going to protect themselves by reducing people’s credit limits. Thereby protecting themselves from losing out on mass defaults that are most certainly on the way. Just go on TikTok. Everyone is talking about how their credit was either reduced or removed entirely. If i was people who had a high limit, i would get those things ive been holding out on. Because youre gonna wake up one day and not be able to.
u/Thawriter76 — 11 days ago