Wednesday, August 05, 2009

Tell credit card companies that you're "desirable"!

On Aug. 4, 2009, the “Small-Change” column in the Washington Post, by Nancy Trejos, gave advice on “negotiating with your creditors”. There was attention to unused credit cards being canceled, or for limits being reduced (and therefore your FICO score) when you’ve done nothing wrong. There was a line in the article (here) that struck me as funny, going back to my own Army days: “Prove that you’re desirable”.

Actually it’s not funny.

The National Foundation for Credit Counseling is here.

But cracking down on less used cards may actually improve consumer security and make fraud less likely.
Picture: Barber shop in Colonial Williamsburg

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