Credit Crunch - is the worst over?

Robert521

My Bank of Scotland Mastercard credit limit was reduced from £5000 to £2000 during the worst of the credit crunch. Today it has been increased by a £1000 without me requesting it. Maybe a sign we are getting over the worst of the credit squeeze. Here's hoping!

Moggles_2

It would be nice to think so.
May I ask whether you settle your statement balance in full most months?

Eric_Pisch

there is more cash in the system now

but in terms of unemployment etc there is a lot of pain to be had in the next few years

and we are all going to pay alot more tax to cover the money thats being borrowed for probably the next 30 years

londonuk2008

I think we are going to see and feel the backlash now for the forcible future.

cosmic_girl

The limit on my lloyds card was increased recently too and I didn't ask for that either so maybe things are starting to right themselves - or maybe its just a lloyds group thing