halifax reduced credit limit

hur575

Halifax reduced my credit limit, I was going to close it after paying it off but for this month I put all my spare cash, hoping to use the credit card in the meantime until pay day. I have been paying minimum for such a long time but I just managed to pay extra few hundred this month, and they reduced it by that much lol. It is going to be hard but I will live, as I said I was not going to be using the card after this month anyway, I just wanted to concentrate on higher debts first.

Nine_Bob_Note

least you got to keep your account. my card expired last month and they sent me a letter saying they wernt replacing my card and were closing my account. ive never done anything wrong either

hur575

Nine_Bob_Note wrote: »

least you got to keep your account. my card expired last month and they sent me a letter saying they wernt replacing my card and were closing my account. ive never done anything wrong either

Really? that is bad!! mine expire in 2yrs, I will close before then!!

thriftymomma

Oh no. How much did they reduce your limit by? How long have you both been customers?

hur575

thriftymomma wrote: »

Oh no. How much did they reduce your limit by? How long have you both been customers?

It was my first CC so 9yrs, paid £300 they reduced it that much!

angelicmary85

HBOS were in the news only last night, the bank is just about in ruins and has taken all llyods shares with it so they maybe they are just trying to be careful now?

thriftymomma

hur575 wrote: »

It was my first CC so 9yrs, paid £300 they reduced it that much!

How bizarre. There seem to be so many stories like this at the mo.

James3891

i did a balance transfer off Halifax with the intention of using it normally after i was paying for cash withdrawals , limit was £1300 , filled card up over the week with buying a car, thought i had 50 left filled up with petrol and card didn't work, called halifax and limit was cut by £50 in line with responsible lending review on my account as they felt it was more affordable, as if the 25% apr wouldn't make it bad regardless of the limit.Can't wait to close my One account Halifax have been appalling and put my interest up from 12% to 25% one month .Had my card expire, was told one was sent 2 months previous but not arrived, cancelled it by phone asked for it to be re-sent, still nothing so called again and the 1st one sent 2 months earlier still wasn't cancelled and the other one re-ordered even the guy on the phone said it was incompetent so yes i wouldn't plan or rely on buying a pint of milk with Halifax.

naijapower

This are signs of trouble. However HBOS style appears to be inconsistent as i know some who have had their limits increased despite not using pre-existing limit that much

Brian64

naija_power wrote: »

This are signs of trouble. However HBOS style appears to be inconsistent as i know some who have had their limits increased despite not using pre-existing limit that much

My halifax credit limit was recently increased from 5000 to 6500.I had a just cleared a balance on the card (bal was 1200)to take advantage of a 2.95% lob transfer.Seems like HBOS are reviewing all accounts.