The credit card companies will lower the credit limit on the cards in a recession.
People in the 2008 recession thought they could live off their cards for years only to see their limits slashed drastically.
People in the 2008 recession thought they could live off their cards for years only to see their limits slashed drastically.
When I heard that, I maxed out my line of credit and stuck the money in a different bank. That choice got me through 2009. Glad I did it.