To reduce their risks, lenders have slashed consumers’ credit limits, in some cases by as much as 90%, says Robert Livingstone, president of IdealCost.com, a consulting firm based in West Palm Beach, Fla. Under a provision in the credit card reform bill, most college students can’t get a credit card without a co-signer.
Monday, January 17, 2011
Credit Card Use Keeps Falling
To reduce their risks, lenders have slashed consumers’ credit limits, in some cases by as much as 90%, says Robert Livingstone, president of IdealCost.com, a consulting firm based in West Palm Beach, Fla. Under a provision in the credit card reform bill, most college students can’t get a credit card without a co-signer.
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