I realized that there was a problem and things have changed when I went to look at cars about a year ago. My credit score came back at 715. I was always in the 730-740 range. When I inquired, they did a revised debt/income ratio, and my score was lowered. I have never missed a payment. I have already bought and sold a house. I realized then, things have changed. Credit is tight. Credit is a risk. If mine went down to 715, I wondered how this would effect riskier people, like you. Seems it did.

Recently, My wife got a letter from Discover. They were closing her account due to inactivity. She only used it for emergencies (car, etc) and always paid it off. A day later, my AMEX blue, which I use for business, lowered my limit, and raised my interest rate. I was shocked. But – when the financial crisis hit, credit card companies were forced to look at their customers. In reality – I meant nothing to them. They were not making money off of me, so my accounts were closed or adjusted.

Sadly – I agree with this change. You seem like a responsible kid – but for every you, there are 9 schmucks that are going to charge a keg of beer, and never pay it off. And the credit card companies know this. Things were out of control. Now we are back to a place where people are forced to grow credit the old fashioned way – slowely.