Barclaycard's mean credit limit ?

Gavin83

never-in-doubt wrote: »

Yes of course they do, they have risk and business loss adjustors to work on that front; as I always say if the rate offered is too high then go elsewhere! The losses are written off against company profit meaning less bonus' for the shareholders - it does not directly affect you and I...

They will have a provision for doubtful or bad debts, as any company who lend would, but if the bad debts start to far exceed this provision, and continue to do so, they will look into alternative methods to regain their profits. It's basic business, and if they can pass the costs onto customers without losing too many then they will do. Recent events have caused the competition to do the same so it's easier for the credit card companies to increase APR. It has directly affected me, as my APR has increased, as I've already stated.

never-in-doubt wrote: »

Means you're classed as high risk then - lol, what part of that don't you grasp?

I've never missed a payment, my credit rating has improved significantly, my salary has increased and every credit card I own has increased my credit limit. Please explain, when taking into account these factors Im more high risk than I was?

never-in-doubt wrote: »

As been the norm for the rest of EU/US for the last few years you mean? i.e., we're simply joining the revolution! :beer:

Maybe so, but it wasn't the norm here. Banks made their money in charges. Now these are no longer enforcable, they'll look to alternative methods to increase their profits. This will affect everyone, including yourself.

I don't agree with the way the other poster worded it, but I agree with him in principle.

Clearly we disagree here, but I really can't side with your opinion.

PROLIANT

NickX wrote: »

Are you saying that a debtor who challenges the enforcability of their consumer credit agreement is likely to be a rapist ?

Has nobody ever explained the use of an "analogy" to you Mr X? :think:

sandiep

Pay £800 onto the card, buy the conservatory in full.

PROLIANT

sandiep wrote: »

Pay £800 onto the card, buy the conservatory in full.

..or see if he can get it on interest free finance, thus breaking the payments down and paying any interest.
It should also be covered by the CCA Section 75 as it is regulated.

NickX

PROLIANT wrote: »

Has nobody ever explained the use of an "analogy" to you Mr X? :think:

Comparing people who are struggling to pay their debts with rapists (or even murderers in another thread) is a very distasteful analogy IMO.

Kavanne

Hahahaha you won't like this my gross salary monthly salary is about 1600 and they gave me a 5k limit! Hehe


I mean, I am very sorry

TFD_2

Kavanne wrote: »

Hahahaha you won't like this my gross salary monthly salary is about 1600 and they gave me a 5k limit! Hehe


I mean, I am very sorry

I earn over £60K a year and they gave me a £500 limit. What's your point?

never-in-doubt

Gavin83 wrote: »

They will have a provision for doubtful or bad debts, as any company who lend would, but if the bad debts start to far exceed this provision, and continue to do so, they will look into alternative methods to regain their profits. It's basic business, and if they can pass the costs onto customers without losing too many then they will do. Recent events have caused the competition to do the same so it's easier for the credit card companies to increase APR. It has directly affected me, as my APR has increased, as I've already stated.

This is a result of the sub prime market and the banks irresponsibilities - not to do with the few million a year they may lose due to unenforceable debts! As I said, you need to learn the facts - you're totally mistaken in your assumption that banks charge us when people default! It affects us now, as taxpayers, that's about it!

Gavin83 wrote: »

I've never missed a payment, my credit rating has improved significantly, my salary has increased and every credit card I own has increased my credit limit. Please explain, when taking into account these factors Im more high risk than I was?

Over indebtness; high balances; failure to meet credit profile; too many searches; cifas or N Hunter data; I.D Fruad - the list goes on..... I am simply saying that whilst one lender may accept you another may decline you and this is why each lender has their own scoring model. The CRA scores are useless for these facts along with others.... My point is, you need to investigate more or try a different lender and check why you're being declined if you feel your rating has improved....

Gavin83 wrote: »

Maybe so, but it wasn't the norm here. Banks made their money in charges. Now these are no longer enforcable, they'll look to alternative methods to increase their profits. This will affect everyone, including yourself.

Charges are enforceable but the reason they are tailoring and charging for banks is, as you say, to boost profits and also to stop people having multiple accounts (long term aim) therefore meaning each account will be paid for - free banking is long dead!

Gavin83 wrote: »

I don't agree with the way the other poster worded it, but I agree with him in principle.

You're entitled to your opinion, as is he, but you're both wrong! You need to learn a little about the recession and what caused it before spouting nonsense - unenforceability claims had zero affect on the industry as a whole or the recession!

Gavin83 wrote: »

Clearly we disagree here, but I really can't side with your opinion.

I'm stating facts - opinions mean nothing in a factual debate

squack

Well all the rapeing aside, good luck to the o.p. with building the conservatory.. ive just put a kit one up, they'd sent me the wrong instructions which i realised half way through the build when parts were missing or different.. just remember to buy plenty tubes of "Cilly-C**t sealant" to fill the inevitable gaps