Disabled W. Credit Card ?
I am currently on SSD for a condition that is improving, however i needed to take some cash advances as a result to pay some monthly bills. One of my credit cards had a $20K limit, with $10K limit for cash advances. I was informed today by the bank that issues the card that they were reducing my credit line to $10K, effectively preventing me from taking any more cash advances. I'm nowhere near filing for bankruptcy as i expect to start working part-time soon, and I never missed a payment on this card, so my question is: Is it legal for a bank to reduce the credit line for someone who is officially disabled? If yes, is there someway to appeal this? I live in New York State.
AFAIK it is perfectly legal, unless the card agreement says something different.
| Bankruptcy FAQ Main Page | Do It Yourself Bankruptcy | Cost Of Bankruptcy | Business Bankruptcy | Bankruptcy Types | Bankruptcy Procedure | Bankruptcy Mortgage | Bankruptcy Law | Bankruptcy Info | Bankruptcy Forms | Bankruptcy Debts | Bankruptcy Court | Bankruptcy Chapter 11 | Bankruptcy Chapter 7 | Bankruptcy Alternative | Bankrupcty | Bancruptcy | Personal Bankruptcy Laws | Personal Bankruptcy | Life After Bankruptcy | Filing Bankruptcy |