Barclaycard reduced our credit limit without telling us

Call_Centre_Monkey

Hue-Jarse wrote:

Whilst i agree it is there money i do feel they should have informed us that from a certain date this would take effect. They would be quick enough to contact us should we have missed payments. I only expect them to be fair nothing more is that to much to ask ?.

Regards HJ ...

If that were the case then people would just load up the cards before the date. They can't reduce the limit to below what your balance is.

bj-sailaway

If you only have £21 credit available, I guess you mean you don't pay the whole amount off each month. Work on getting rid of the £330 debt, and I'll never know why anyone pays for Sky, I don't get time to watch the telly that we have available on freeview, we have digibox with a hard drive and I'm for ever taping stuff and not getting around to viewing it. I couldn't bear to pay Sky's extortionate subscription rates.

Hue-Jarse

Call_Centre_Monkey wrote:

If that were the case then people would just load up the cards before the date. They can't reduce the limit to below what your balance is.

I agree but i could have been forced into to paying over limit fees, would much prefer they just stopped the card. Oh well will pay it off and close the account barclaycard, were only any good when they had the extra warranty and price promise thing anyway.


Regards all Hue Jarse ..............


can we close this thread now please mods

regularsaver1

yeah i'd never use barclaycard

bj-sailaway

Good on you - dump them!

roswell

Look on bbc news site you will see there latest profit reports and problems with bad debt they will be reducing there exposure

regularsaver1

and their acceptance rate - i am sure they are not alone

i didn't use my cards with Sainsbury's and Bank of Scotland for a while - they wrote to me to say they were being closed.

VenuS

Out of order in my opinion. Banks have a to act responsible just as much as customers. You thought you had more available credit and could of gone into the red easily. A letter stating change in credit limit wouldn't of hurt.

Give them a call and ask them whats going on.

Call_Centre_Monkey

VenuS wrote:

Out of order in my opinion. Banks have a to act responsible just as much as customers. You thought you had more available credit and could of gone into the red easily. A letter stating change in credit limit wouldn't of hurt.

Give them a call and ask them whats going on.

Yeah... that's why they've decreased the limit - responsible lending

Redgable

H-J,

This happened to me recently (£7.5k AmEx limit, reduced to £1.5k) and I was sufficiently mad :mad: about it to write to The Times newspaper week-end Money supplement - and my letter got published. The decision was reversed soon afterwards!

Turns out that AmEx (probably like most other CC companies) do random CRA searches, and in my case wrongly interpreted some credit card applications I had made recently (these are all logged on CRA files) as potentially adverse financial activity.

I'm not in any way suggesting that this may be the case with you here, but it may pay you to (a) ask Barclaycard exactly why the limit's been reduced - they are ongliged to give you a valid reason, and (b) get a copy of your CRA files via Equifax and/or Experian - just in case.

Hope this helps.