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1 Comment
American Express Scales Back [view article]
My business AMEX credit line was recently cut from 35k to 10k. Member since 1999, immaculate payment record, profitable business with millions of dollars in annual revenue. This was done with no warning, while I was traveling overseas, leaving me stranded. Reason quoted: an issue on my personal credit report. Turned out, it was a $40 dispute with a credit card company, dating back to 2005, which was a mistake in the first place. Corrected the mistake, and AMEX claims they will review the credit line again once the credit file is updated. We'll see about that. Mar 04 06:55 PM