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Credit limit reduced and now charged 5k. Is this allowed?
Credit limit reduced and now charged 5k. Is this allowed? My credit card company has had me on a 11k credit limit for a a few years now, but then out of nowhere they reduced my limit to 500 dollars. I had about $5500 in debt to them. Also I had automatic payments being made, so when they reduced the limit, it charged me $5000. Idk what to do because now I cant afford rent or anything. Is there anything...
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