Archive for March, 2009

Plans to Curb Unsolicited Credit Limit Increases

Posted in General Credit Card News on March 17th, 2009

The government is planning to ban the credit card industry practice of upping customers’ credit limits without a account holder request. Ministers also want to ban the unsolicited issuing of credit card cheques.

These moves are apparently intended to stop consumers running up huge card debts by reducing the temptation to spend.

The words ‘horse’, ’stable’ and ‘door’ spring to mind…


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