Credit Card Companies Continue to Tighten Credit

With the holiday season approaching, I’d like to be optimistic about the availability of credit.  Unfortunately, credit card companies appear to be making it even more difficult for consumers without excellent credit to get new cards.  While its easy to blame this on the credit card companies, the new credit card laws are having an effect on this matter, perhaps more than intitially realized.  Given the fundamental changes facing the credit card industry, consumers may be in for a long winter and a credit-less holiday season.