One of my favorite clients is Patrick Ritchie. I edited his book The Credit Road Map and we’re working on his second book – The Credit Road Map for the Self Employed and let me tell you…Patrick’s got it chock full o’ good stuff.

Patrick has taught me plenty on credit and editing his first book (and now his second) was truly eye-opening.

Patrick has been used as an expert by local Phoenix news stations before so being on TV isn’t new to him. But he was on the CBS affiliate recently talking about a new tactic used by the credit card companies. They are slashing credit limits. Yes, on already existing credit card accounts. That $XXXX credit limit you had on that Visa could be slashed in half (or worse).

Don’t think it could happen to you? Think again!

Here’s the clip of Patrick talking on the news about the credit limit slashing info: http://www.kpho.com/video/17711452/index.html

Be patient…it takes some time to load and then you have to obligatory 15 second ad to get thru.