I received a letter today from Citi stating that they were closing one of my credit cards. Since this card carries 40% of my credit what should I do to try to preserve my credit? (The card is not anywhere maxed out.)
DebtNegotiationZone
Settle your unsecured debt for 40-60 cents on the dollar
I got the same thing from citi on my Home Depot card with $0 balance. I don't know what the answer is. I do know that the creditors want to lower their exposure to losses so they are canceling and lowering credit limits across the board.
DebtFreeDave
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