My little world of bad credit credit cards
For its customers who carry large outstanding balances, Chase raised the required minimum payment from 2 to 5 percent. The maximum allowed limit for many customers of Citigroup have been lowered, simply because of the shaky economic times. Many cardholders have found that their credit scores have taken a hit, as their debt to credit ratio has increased due to those lower credit limits. Other consumers are having to choose which financial obligations get paid first in these turbulent financial times, and credit cards bills often take a back seat to mortgage and car payments. As a result, there are more people who are now looking for credit cards for bad credit to help them through these times.