Next and their ever fluctuating credit limits...

wizzywig27

I have been a victim of this, to which Next are blaming too many searches (even though 2/3 have dropped off) and two defualts have been removed (same default duplicated).

Went from £150 credit limit to zero! After four months of good payments paid a day or two after statement date. So annoyed and makes you feel like your a bad payer! :mad:

kerrydrobertson

Ive had mine from September last year, credit limit of £800, reached the limit for september and october and paid off in full for both months. Went up to £800 again in December and paid £300 and have also reduced the limit to £0 now on my statements, very strange! whereas my mum has £1100 limit and pays the minimum each month and has just had hers increased another £200

wizzywig27

kerrydrobertson wrote: »

Ive had mine from September last year, credit limit of £800, reached the limit for september and october and paid off in full for both months. Went up to £800 again in December and paid £300 and have also reduced the limit to £0 now on my statements, very strange! whereas my mum has £1100 limit and pays the minimum each month and has just had hers increased another £200

Have ypu applied for anything? that is the excuse they used for me? I cant see anything else on there that could have changed (I have alerts from Capital One).

I am annoyed, it stayed at £150 since September, paid off more than minimum every month and now its zero :mad:

duggie1982

Mines has went from £00 to £600, back down again then back up every month. I dont think it has anything to do with your credit rating though

sharpy2010

Makes me wonder how many customers they've lost from doing this.

You see forum messages on here all the time regarding this. I for one have closed my account due to the credit limit issue, my credit file didn't change during the 4 months of having a Next account, but my limit went from £150 to just TWENTY pounds, then to zero, then to twenty again, and finally to zero.

I won't use them again. They'd have seen every penny of credit that I used paid back in good time, so its certainly their loss and not mine.

wizzywig27

they have now decided to re-instate my credit limit a week after dropping it (I know this through Equifax alerts) - so thats £150 to £0 then back to £150 - happy days! dont hold much hope of it stabalising though!

kerrydrobertson

wizzywig27 wrote: »

Have ypu applied for anything? that is the excuse they used for me? I cant see anything else on there that could have changed (I have alerts from Capital One).

I am annoyed, it stayed at £150 since September, paid off more than minimum every month and now its zero :mad:

nah nothing at all

chuckley

they used to give up way too high credit limits willy nilly anyway. and now ppl cant pay them off through recession, e.t.c they've realised they need to cut them across the board.

bluetimone97

We were with them for 6 years, £3000 limit and £120 outstanding they dropped our limit to £0 and never did put it back up.....madness

wizzywig27

They dropped mine again, only got the alert from equifax they had upped it again last Friday!

So, went from £150, to £0 to £150 to £0 - absolute jokers! Told them I don't want the account any longer!

terriandaaron

i hate it too, i paid it all off as i needed to make a big holiday order for summer clothes for kids, my limit befre was 800, and had a balance of 525, always paid in full every month, a few days later my order gets declined my credit limit has dropped!!
its nuts if i knew they would do it i would have paid less and bought clothes cash now im skint having to pay cash for it all!

Checked my report and nothing there.....
Makes it hard to budget.:mad: