Can they cut your limit and demand payment for difference
[ Follow Ups ] [ Post
Followup ] [ Credit Forum Index ]
Posted by Adam (126.96.36.199) on October 22, 2009 at 14:22:11:
Citibank cut the limit on one of my cards to 1500 below my balance and are now saying that I owe them the difference as my min. monthly payment.
Is this legal? How can they do this? I am not in default and am up to date on all payments. I'd pay it off if I could but I dont have the cash and dont have the $1500 they are demanding.
Anyone know if they are allowed to do this? What are my options here?
Post a Followup