More perspective -- I recently had a credit card cut my credit line by $10,000 (a Citi card). Got a letter via snail mail letting me know it had happened (past tense). Never had that happen before in my life, not even in 2008. It is my oldest credit card. I have an almost perfect credit score. I'd heard banks are tightening on credit and lending, but still found it surprising.
I thought this was an interesting read also on market perspective. Not an agree or disagree thing, just perspective:
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