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With the state of economy in one of its worst shapes in the history of our nation, many financial experts are arguing that credit card limits are about to get cut significantly by credit companies as they try to reduce their risks. Dicussions with major companies such as American Express, Advanta, Chase, and others have all indicated that the card issuers are looking for ways to stay conservative in these tough times, and cutting credit limits are one way to do it.

Credit card consumers are going to have to be very careful about what they do with their money these days. So from that perspective, I like the idea. However, many folks depend on their credit lines to run their lives and that is going to put a lot of burden on them. But times are tough and we should all wait out the storm. Here is the story.

• Has Your Credit Limit Gone Down?
• Why You Should Think Twice Before Applying For Payment Protection Plans
• Personal Credit Card Debt At An All Time High?
• Time To Slash Some of Those Cards
• Credit Crisis Far From Over