automatic credit card acceptance. HELP

gus1985

Hi I'm after some advice about 18months ago I went into Halifax to talk about overdraft issues I was having. I walked out with a credit card as I had been "automatically accpeted" my credit rating is poor and I had been refused credit and finance before this card was issued. I am now trying to switch to another card to give myself some breathing space as the interest is crippling but am unable to do so as I'm still being refused due to a poor credit rating. Are Halifax operating within thier duty of care not to lend me money I can't afford by issuing me with an automatic acceptance? Any suggestions for switching to a card with interest free or at least a better rate, Im now with A&L but do not qualify for thier stantander credit card as rating still too poor. HELP!

PROLIANT

gus1985 wrote: »

Hi I'm after some advice about 18months ago I went into Halifax to talk about overdraft issues I was having. I walked out with a credit card as I had been "automatically accpeted" my credit rating is poor and I had been refused credit and finance before this card was issued. I am now trying to switch to another card to give myself some breathing space as the interest is crippling but am unable to do so as I'm still being refused due to a poor credit rating. Are Halifax operating within thier duty of care not to lend me money I can't afford by issuing me with an automatic acceptance? Any suggestions for switching to a card with interest free or at least a better rate, Im now with A&L but do not qualify for thier stantander credit card as rating still too poor. HELP!

You accepted the card did you not?
Was it not your duty to exert some self control?

CannyJock

gus1985 wrote: »

Are Halifax operating within thier duty of care not to lend me money I can't afford by issuing me with an automatic acceptance?

Yes, they don't force you to spend on it after all. All you can do is continue to make at least the minimum payment and do some additional homework on how to improve your credit rating. At some point in time you'll be able to shift the debt onto 0% but it could take some time. Key thing now is you don't make your credit rating any worse or you'll just be digging a hole for yourself. You don't have the option of a 0% overdraft for 12 months on your A&L account?

Nick1986ukmids

why use a credit card when you know its going going to cripple you, i cant make sence of some people they get in to debt and they moan as its crippling them. why dont you cut it up?. get a grip only buy what you can afford (Cash)

woody01

gus1985 wrote: »

Hi I'm after some advice about 18months ago I went into Halifax to talk about overdraft issues I was having. I walked out with a credit card as I had been "automatically accpeted" my credit rating is poor and I had been refused credit and finance before this card was issued. I am now trying to switch to another card to give myself some breathing space as the interest is crippling but am unable to do so as I'm still being refused due to a poor credit rating. Are Halifax operating within thier duty of care not to lend me money I can't afford by issuing me with an automatic acceptance? Any suggestions for switching to a card with interest free or at least a better rate, Im now with A&L but do not qualify for thier stantander credit card as rating still too poor. HELP!

Its not the fault of Halifax that:
- You are a poor risk hence the high interest
- You are refused elsewhere
- You readily accepted a card knowing full well you could not pay the balance

Maybe you should blame yourself rather than the bank.

Innocent_Guy

Go away Troll