Damage to Your Financial Health

By: D41

I have been an American Express customer for over 25 years, I have always paid my bill and never late. When the economy took a turn for the worst American Express took it's own Financial problems out on good customers. They lowered my limit to the point I was over my limit thereby affecting my credit report.

Recently I paid off my American Express and to my surprise the closed my account.

If I had known they where going to pull this stunt I would have kept my money and not given them one red cent. Who do they think they are, what we need to do is form a boycott of these giant card companies and bring them to there knees it's time to go back to the old day and show these companies who has control.

After 27 years faitful customer I was treated like crap. And the credit reporting agencies are no better, they don't update information like they should. Everyone is wondering why the consumer is not spending, well credit card companies are taking away buying power its just a crime shame. And that Kenneth Chault forget he will do nothing this CEO is making millions and with the taxspayers bailout money I thingk American Express owes me, I want all my money I spent to bail there sorry asses out with interest.

I have sent a complaint to FTC, House of Reps, Office of Thrift Supervision. So guys lets get this boycott going and put the power in our hands. We need to be more proactive move in to demand out limits back. Its always the little man who is hurt and the big time stars etc who are free to rack up debt after debt and get a credit increase.