My credit card company reduced my credit limit and cancelled my card

My credit card company reduced my credit limit and cancelled my card

My credit card company reduced my credit limit and cancelled my card

I used to have perfect credit and multiple credit cards from American Express, Bank of America, Citibank, Chase Manhattan and many other little companies for the past 20 years that they absorbed or merged into their too big too fail banks. And then over 3 years ago, literally overnight the banks cut my credit lines. First,  American Express reduced over $80,000 worth of credit down to what I owed. Then later Chase cut my credit lines all to $1000 each. Then they cancelled it later. All these actions literally pushed my credit score down. Then Bank of America followed suit and cancelled my credit cards. Those were scary times back then. Of course, Citibank followed the other companies and cut my credit limits to the balance owed if any and then cancelled cards with zero balances.

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