Banks will start will cutting borrowing limits on credit cards as the unemployment picks up in the US. Capital One starts the crackdown which set off a swift outcry on social media.

Some customers have complained in recent days their limits have been slashed by a third to two-thirds, crippling their ability to borrow from their emergency backups or lifelines.

Thanks for watching this RTD Live Talk w/ Mike. Share your thoughts in the comment section below. Subscribe & click the 🔔 icon to be notified of the next livestream.

DOWNLOAD DOLLAR BEAR MARKET: YOUR SAVINGS OUT THE WINDOW NOW! https://www.portfoliowealthglobal.com/rtd/

Links from the RTD show:

1. Capital One Cuts Card Limits Amid U.S. Jobless-Aid Impasse https://www.bloomberg.com/news/articles/2020-08-28/capital-one-cuts-card-limits-amid-u-s-impasse-on-jobless-aid