Credit Limits On Cards

scottygees

I have previously posted on this site regarding my wifes £11500 debt on an MBNA cc. The thing that anoys me more than anything is the fact that she has this credit limit when she only earns a similar amount. I think that the lender should shoulder some of the burden for this debt as it was irresponsible of them to give her such a large limit and I believe her when she states that she has never asked for an increase it has just happened. Also the card in question is an RSPCA card which was originally administered by The Bank of Scotland. The administration was passed to MBNA a month ago.(She still hasn't activated the card MBNA sent her). We are using Payplan to help her with her debts, but I am not sure whether her creditor is MBNA or Bank of Scotland(with who she actually ran up the debt!) Any advise. Is it worth writing to these creditors to accuse them of irresponsible lending?

Bargain_Rzl

Sorry to say this scottygees, but I doubt it.

I agree that it is irresponsible that CC companies increase credit limits without the user requesting it, but in the end it comes down to the fact that it is your wife's responsibility to keep track of how much she is spending and whether it is within her budget.

Maybe somebody else will tell you differently

richgirl

Yes, and I have seen people complain when their credit limits have not been increased.

The credit card companies supply a demand, as long as they don't deliberatly try to confuse with charges then I can't see how or why they should carry part of the can ?

halloweenqueen_2

Its terrible to find this debt has crept up on you and yes they put up the limits - they would - they're business is to make money out of you. The debt however is self inflicted - would your wife have turned down the increase? They are likely to be very sympathetic as if you don't want to go to that amount you have to stop yourself. Obviously we don't know the circumstances that led to the debt, there could have been illness etc. Most of us have learnt the hard way about these damn cards, it all seems so manageable then it goes tips up and you're left with a debt more than you realised it would be.

sparkle84

We are using Payplan to help her with her debts, but I am not sure whether her creditor is MBNA or Bank of Scotland(with who she actually ran up the debt!) Any advise. Is it worth writing to these creditors to accuse them of irresponsible lending?

The debt is now with MBNA and no it is not worth writing to them noone held a gun to her head

phil164

i afraid i'm with Bargain Rzl. its all very well blaming the company for increasing the credit limit, but who was the one who spent the money? if she never wanted the increase then why did she spend the increase?

Anwen_2

Although I can sympathise and so on, I am a bit of a compulsive spender myself, nonetheless unfortunately it is her responsibility. As I keep repeating to myself 'it's a LIMIT, not a TARGET...'

skintchick

THe weird thing is that I have a great credit record but Tesco refuse to raise the paltry £3,000 limit on my cc with them (which I'm stoozing on!)

burbs_2

scottygees wrote:

I have previously posted on this site regarding my wifes £11500 debt on an MBNA cc. The thing that anoys me more than anything is the fact that she has this credit limit when she only earns a similar amount. I think that the lender should shoulder some of the burden for this debt as it was irresponsible of them to give her such a large limit and I believe her when she states that she has never asked for an increase it has just happened. Also the card in question is an RSPCA card which was originally administered by The Bank of Scotland. The administration was passed to MBNA a month ago.(She still hasn't activated the card MBNA sent her). We are using Payplan to help her with her debts, but I am not sure whether her creditor is MBNA or Bank of Scotland(with who she actually ran up the debt!) Any advise. Is it worth writing to these creditors to accuse them of irresponsible lending?

Get a grip, what a pile of doings. She spent the pennies on the plastic, nobody forced her. Now she has to pay them back - problem being what?

You are seriously thinking that the bank should be accountable for your wifes irresponsible spending? I think not. The bank upped her limit without her asking. Diddums - phone them and tell them you dont want the limit raised and they will drop it in an instant.

Im sorry for venting a bit of anger towards yourself but it annoys me how people can spend, spend, spend but as soon as the s**t hits the fan they are all of a sudden not in control and the banks are too blame.

ffs

burbs wrote:

Get a grip, what a pile of doings. She spent the pennies on the plastic, nobody forced her. Now she has to pay them back - problem being what?

You are seriously thinking that the bank should be accountable for your wifes irresponsible spending? I think not. The bank upped her limit without her asking. Diddums - phone them and tell them you dont want the limit raised and they will drop it in an instant.

Im sorry for venting a bit of anger towards yourself but it annoys me how people can spend, spend, spend but as soon as the s**t hits the fan they are all of a sudden not in control and the banks are too blame.

Nobody forces anyone to smoke, but cigarettes are legal, addictive and very bad for you. Should the cigarette companies shoulder any of the blame for the misery they cause?

I suggest that if it was a relative of yours who was dying from cancer you would think that cigarette companies were very much to blame.

Many of us who are drowning in debt likewise believe that the companies that have fuelled our addiction are at least partly responsible.

Graham_S_4

I've not posted on here before - normally in OS - but i'm 100% with burbs.

and to compare it to cigarette companies - then yes it is their fault - if you don't want to smoke - stop smoking - and harsh as it seems if i had a relative who killed themselves from smoking - it is their fault - no one made them do it.

i have some debts - i have decided to stop spending and start paying - guess what - they are going down. then when they get to 0 i'll start saving - then i'll get my nice sofa and big telly - not on credit - but for cash

cheers

G