Quote:
Originally Posted by After Shock Media
Credit is dry. Especially equity lines of credit. I am getting very used to the idea that shit is turning into a cash society very quickly.
It is not just home equity lines either. I have been excellent with my credit and payments etc. Paid off one of my main cards recently which I do often. Got a letter letting me know that they are now cancelling my account. Makes me nervous about paying off my other balance in full now.
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most subprime credit card companies like aspire etc are reducing everyones line by 90% some even closing shop
if it turns into a cash society prices of certain goods will drop rapidly