KGUN 9 On Your SideNewsLocal News


Credit card companies are clamping down

Posted at 6:14 AM, Nov 01, 2018
and last updated 2018-11-01 09:18:24-04

Capital One and Discover are making it tougher to get a credit card or raise your existing credit limit.

Fox Business reports these companies, and others, want to be more cautious in how they handle credit.

The Wall Street Journal says they are not worried about people paying back debt, they're worried economic recovery could fade away.