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My Bank Is Raising My Credit Limit
I will not fall for that trap again.
As a business, what is expected of the bank when a customer is starting to pay their debts faster than anticipated? You guessed it! Tempt them with making more debt! That is exactly how — in my foolish younger years — I accrued a massive 70K amount of debt. Now the bank is at it again, raising the credit limit on my account starting July 1st.
I wrote here before about how I declared war against my debt and how I told my parents and they helped me pay some of it. Last week I finally made my first partial payment. It seemed to raise some flags for the bank because one day after that payment was approved, I got a notification that next month the credit limit on my account will become higher.
It wasn’t too long ago that I was the one actively seeking to raise the limits on my account. I needed it to buy a new computer without even asking myself how am I planning to pay for it. I needed to pay the money somehow, and I didn’t see it. In retrospect, it was right of the bank to deny my requests. But, one moment after I’ve shown signs of recovery, they try to hammer more debt into me — not cool, bank! Not cool at all.
This time, I’m ready to face the temptation. I have only the one credit card, I’m using a chargeable one, and I have larger salaries. Even…
