
Billionaire Drahi Knows the Art of the Deal
Patrick Drahi is on a roll.
The billionaire telecoms entrepreneur struck a deal to cut borrowings at Altice France SA in February, lifting the cornerstone of his business empire out of negative equity. Now he's considering cashing in the company's main asset — France's SFR mobile-phone network.
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LNG Developer Delfin Seeks Investors for US Project
Delfin Midstream is seeking investment to help fund a plan to export liquefied natural gas via infrastructure moored off the coast of Louisiana, according to people familiar with the plan. The closely held US company is expected to receive initial indications of interest from potential investors soon, according to the people, who asked not to be identified because the talks are confidential.


CBS News
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When can your credit card issuer lower your credit limit?
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Your credit card issuer can lower your credit limit without warning — and there are a few reasons, in particular, that they'll do this. bernie_moto/Getty Images In today's unusual economy, lenders are keeping a closer eye on risk. While inflation is cooling and interest rates may be on the way down, consumers are still carrying historically high levels of credit card debt — more than $1.18 trillion currently, according to the New York Fed. Credit card delinquencies and defaults are also rising. And for credit card issuers, that means tightening the reins a bit. One way they do that? Reducing customers' credit limits. And even if you've had your card for years, paid on time and rarely carried a balance, your issuer could still slash your available credit with little or no notice. It's a frustrating move that can dent your credit score and limit your financial flexibility. But it's also perfectly legal in most cases. So what causes a credit card issuer to lower your credit limit? And what can you do if it happens to you? Here's what you need to know. Find out how to get help with your credit card debt today. When can your credit card issuer lower your credit limit? Credit card issuers can lower your credit limit at almost any time — and for a range of reasons. While they're legally required to notify you after the fact, they don't have to ask for your permission beforehand. Here are some of the most common reasons they might take action: You haven't used the card in a while. If your card has been sitting idle for months, the credit card issuer may decide it's a risk to keep the full credit line available. This is especially true during periods of economic uncertainty when banks want to minimize exposure to unused credit that could suddenly be tapped. Chat with a debt relief expert about your high-rate debt now. Your credit score dropped. Issuers regularly check your credit reports via a practice known as a soft pull. If it shows that your score has dropped due to late payments, high credit utilization or a new collection account, that could raise a red flag and prompt them to lower your credit limit as a precaution. You've recently had high balances or missed payments. If you're carrying a larger balance than usual, or have started missing payments, it may signal financial strain. Issuers might respond by reducing your limit to reduce potential future losses. There's been a change in your income or financial situation. If you recently reported a lower income on a credit line increase request or updated your financial info through the bank, that could factor into their risk assessment and trigger a limit reduction. The issuer is reevaluating risk across all cardholders Sometimes it's not about you at all. Issuers occasionally conduct broad reviews of their entire customer base to manage risk or adjust to new economic realities. If that happens, even customers in good standing could see their limits cut. What to do if your credit card issuer lowers your credit limit If you've been hit with a credit limit decrease, don't panic, but do act quickly. Here's how to protect your finances and your credit score: Call and ask for an explanation. Start by contacting your issuer to find out why your limit was reduced. If it was due to inactivity, using the card regularly (even for small purchases) might help you restore your previous limit. If the reason was tied to your credit, it's worth checking your credit reports to confirm what the issuer saw. Request a credit limit increase. In some cases, you can ask for your original limit to be reinstated, especially if you've improved your credit or have a strong payment history. Some issuers may require updated income information or run a hard credit check. Review your overall credit utilization. A lower limit can cause your credit utilization ratio to spike, especially if you carry balances. To minimize damage to your credit score, consider paying down other card balances or spreading purchases across multiple cards (if available). Monitor your credit reports. If the issuer cited your credit profile as a reason for the limit drop, review your reports. Look for errors, late payments or new inquiries that may have triggered the change and dispute any inaccuracies. Consider switching to another card. If the issuer won't budge and you feel you've been unfairly treated, it may be time to move on. Compare other credit card offers, especially those with better limits or perks, and consider applying once your credit stabilizes. The bottom line A reduced credit limit can feel like a personal slight, but more often, it's just a reflection of a lender trying to manage risk in an unpredictable economy. Unfortunately, even responsible cardholders aren't immune. To avoid this type of issue, it can help to keep tabs on your credit, use your cards periodically and maintain good financial habits. If your limit is reduced, don't be afraid to advocate for yourself, but also be prepared to adjust your credit strategy accordingly. In many cases, you can bounce back without long-term damage.


Motor 1
an hour ago
- Motor 1
Alpine's Electric Sports Car Will Have 'A Lot' Of Power
Alpine just released its first electric vehicle, the A390 SUV. But that's merely one of many EVs that the French automaker has planned over the next few years. Alpine will release a new electric sports car to succeed the A110, and the company promises it will be plenty powerful. In an interview with Auto Express , CEO Philippe Krief and Renault Group head Luca de Meo revealed more details about the upcoming electric sports car. The duo noted that it has a targeted weight of around 3,200 pounds (1,450 kilograms) and is expected to have a range of approximately 350 miles on the WLTP cycle. Alpine A110 E-Ternity EV Concept Most importantly, this new sports car will be powerful. When asked how much power the new EV sports car could produce, Krief responded with: "A lot! There will be enough power, I can guarantee." The outgoing A110 produces up to 296 horsepower at its most powerful, but we expect the EV to be even punchier still. Alpine touts two configurations: Dual- and tri-motor setups, with the dual-motor configuration sending power exclusively to the rear wheels, and the tri-motor setup offering all-wheel drive. The sports car will be the first vehicle in the lineup to use the automaker's 800-volt Alpine Performance Platform (APP), which debuts at the Paris Motor Show next year. The APP architecture will go on to underpin "three or four models," de Meo notes, with electric motors mounted in the wheels themselves. The wheel-mounted motors, de Meo says, will help lower the car's center of gravity, and give the car mid-engine proportions. As mentioned, Alpine is aiming for a curb weight of around 3,200 pounds for its electric sports car—or just about as much as a gas Porsche Cayman. That will be slightly heavier than the A110, which tips the scales at just around 2,400 pounds, but relatively light for a BEV. We don't know when Alpine plans to debut its new electric sports car, but if we're lucky, we could see the coupe as early as next year alongside the brand's new APP architecture in Paris. As for whether or not this new sports car will come to the US—we're holding out hope. The Latest From Alpine Alpine Wants to Take on Ferrari With a 1,000-HP Hybrid Hypercar Alpine's First Electric Sports Car Has Mid-Engine Proportions Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Source: Auto Express Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )