postie just delivered mail so, page-5

Thats the problem with using multiple institutions.

They all independently offer you credit card increases and pretty soon, you can have a huge amount of credit card limits.

Danger is that even if you dont use the limit, institutions use those combined limits against you when you do apply for finance or a loan.

Some institutions have a 6 month policy, meaning that they wont allow any more credit to you if you have increased your limit within 6 months.

Also, any one who is using credit cards with no intention of paying them off by the end of the month should draw up an excel spread sheet with some formulas to calculate weekly interest payments on different levels of cc debt.

For every $1000 dollars at 21% equals to just over $4 per week.

$10000 euquals $40 and so on.

pretty easy to see how people get into trouble.

I'm currently lowering my limit and closing some cc cards.