This is such a wildcard
It's all speculation because CLD could stem from internal issues at the CCC that have little to do with the actual behavior of any one card holder
Could be the bank not liking profits
Could be their cost went up
The market tightened
They made soft investments elsewhere
Any number of things not even related to you
Too much of a crap shoot to think we have that much control over if they decide to 'limit' possible liabilities
We saw this overall in 08/09
They were slashing CLs just in case, card holders hadn't done anything wrong
But the state of THEIR businesses caused them to react and that can happen with any vendor Tomorrow, so it is what it is.
Do the best we can and don't be married to only one vendor.... like I always say, best to have a few places to lay your head, just in case😉
It's all speculation because CLD could stem from internal issues at the CCC that have little to do with the actual behavior of any one card holder
Could be the bank not liking profits
Could be their cost went up
The market tightened
They made soft investments elsewhere
Any number of things not even related to you
Too much of a crap shoot to think we have that much control over if they decide to 'limit' possible liabilities
We saw this overall in 08/09
They were slashing CLs just in case, card holders hadn't done anything wrong
But the state of THEIR businesses caused them to react and that can happen with any vendor Tomorrow, so it is what it is.
Do the best we can and don't be married to only one vendor.... like I always say, best to have a few places to lay your head, just in case😉