Home values as we all know are taking a dive. According to one analyst the equity in homes has gone down by $1.2 trillion. With the present economic situation banks are putting the squeeze on borrowers. With that you won't be seeing signs like this for quite some time:
I don't know why anyone would want a $10,000 limit on a credit card. It's not like you could pay that one off at the end of the month. My general rule of tight finance is: If you can't pay for something within three months then don't buy it. I've had to change that recently because the banks have changed their ideas about the cards. Now if you skip a payment or even if you make a partial payment they can change the rates and add hefty fees. My new rule is if you can't pay it in full then get a fixed rate loan to pay it in full.