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To: Moominoid who wrote (63503)	10/8/2006 11:16:07 AM
From: Lizzie Tudor	Respond to of 306849

I have combined credit card available credit of about 100K. Pretty much every card I have now has about 20K limit on it, and I have at least 5 cards or maybe more. I actually don't think I asked for any of these. Etrade sent me one, then I have a Nordstrom card that I actually applied for. Most came in the mail at one time or another. I am not going to support the same BS I saw when joe public lost all his 401K in the stock market. 401Ks were not setup, nor could they handle anything but a roaring bull. This was not the fault of joe public. Same with these credit cards. These are predatory lending practices. I can already see evidence of blaming the consumer on the part of various banks.

To: Moominoid who wrote (63503)	10/8/2006 1:13:25 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

If you find your credit limit is lower than others in your income bracket, you may want to ask the credit issuer for a higher limit. You may be surprised by the results. To maintain the best credit scores your should never exceed 20% of your available credit. I rarely exceed 4% of my total credit lines. I frequently use a Chase Visa card and was annoyed with the relatively low $25k limit. A friend suggested I should ask Chase for an increase in my credit limit. Over the course of a four minute telephone call they increased my limit to $50k. I should imagine there are those who take every opportunity to increase their credit limit. Is suspect your lack of zeal in asking for credit line increases is more likely the cause of your lower credit limits than your lack of US citizenship. .

To: Moominoid who wrote (63503)	10/8/2006 1:48:25 PM
From: Dan3	Read Replies (2) \| Respond to of 306849

Re: I have credit card debt but at 0-3% I called them up and insisted they reduce the limit once (since the limit at that time was more than I'd have felt comfortable borrowing). They reduced it as requested and then about a year later started increasing it in big chunks every couple of months. I don't want to have to keep calling them and don't like the risk that I see of the current limit and plan to drop that particular card. I don't expect to charge a new Porsche on a credit card and don't see what else anyone could do with such a high limit, except get defrauded. I believe the country badly needs to bring back usury laws. The fine print in almost all credit card agreements allows them to increase your rate to ~30% if they decide you are a risk - even if you're never late with a payment, it's their call. Reading credit card offerings provokes a combination of anger and hilarity. The credit card companies make drug dealers and pimps look honest and straightforward by comparison. I'm tempted to just revert to cash, despite its lack of convenience.