[Ferretlover]

AmEx rates credit risk by where you live, shop
Credit-card firm confirms members' mortgage lenders also may be a factor By Mike Stuckey Senior news editor MSNBC
$this->bbcode_second_pass_quote('', 'A')s the global credit crunch reaches from Wall Street to Main Street, guilt by association has become a tool for evaluating the creditworthiness of American Express customers.
Among other criteria, cardholders are seeing limits reduced because of where they live, where they shop and who holds their mortgage.
“Absolutely unbelievable!” said Jesse Gilleland of suburban Washington, D.C., who says revisions of his American Express accounts and credit limits, at least partly for those reasons, could force him to close his once-thriving computer-consulting firm. ...

[Gorm]

how is this a problem? Those who lend their money set the rules