Accountcentral By HSBC
Credit Limit lowered without warning Pennsylvania

I have been with Account Central HSBC for over 8 years with a credit limit of 5K. Today without any warning I notice my credit limit was reduced to a paultry 1,220 leaving me with available funds of only $25! How they came up with this odd amount is beyond me. On average I charge over $1500 per month and pay the account off in full each month.

I immediatedly called and was told it was not personal but that credit limits were reduced accross the board to every account holder. I asked the rep why wasn't I informed of this action, she said a letter would follow shortly. I said, don't you think that is putting the cart in front of the horse?! And, more importantly, what if I had an emergency and needed the cash or available funds. What the heck can I do with $25! Did this bank get slighted on the bail out funds? Did they cut everyones limit due to filing a Chapter 11 or something?

This action will surely make my FICO score drop as it will appear that I am maxed out. I am really upset with this company for not being forth right in their decision to drastically lower my credit limit for truly no logical reason! A $3,780 drop is really a slap in the face!

Company: Accountcentral By HSBC
Country: USA
State: Nevada
City: Levittown
Site: accountcentralonline.com

  <     >