Pushed Unwanted Loan

birkee

ESwan wrote: »

Oh yes the ever increasing CC and OD limit. Anyone ever call the CC company and say "I don't want the extra £1200 credit you just put on my card", what did they say?

I am just happy that they put the "newbie alert" next to my name or people may have really laid into me - dodged a bullet there!

This confuses me too.
They can put my credit card limit up to a million pounds for all I care, I just don't use the amount permissable.
Why should I bother writing to them to put the limit down?

Is this the realm of the credit card maximiser who spends every penny they can get their hands on?
They use the credit card company to control THEIR spending?

RichGold

ILW wrote:

It is not optional, there is a clause that says "this cheque MUST be used by XX/XX/XXXX" Cannot argue with that.

birkee wrote: »

That doesn't mean the money disappears! It means the cheque needs replacing.
Some people are wierd when it comes to money, as the OP demonstrates.

Some people will inevitably read that as that as "This cheque MUST be SPENT by XX/XX/XXXX".

Apples2

birkee wrote: »

Is this the realm of the credit card maximiser who spends every penny they can get their hands on?
They use the credit card company to control THEIR spending?

True, but then someone drops those little words in their ear, Mis-Sold and Irresponsible Lending.

How many posts do we see where the poster absolutley Genuinely believes this debt is the lenders fault (including this one)?

"The money was there, what else was I supposed to do?"

KingElvis

So you blew 25k on shizzle and now you don't want to pay it back?

Hazzinho

Regarding upping credit limits this is only bad if you cant help but spend all yor limit. if you manage you money well it drops your balance to credit limit ratio in your credit report. by reducing your limit you increase the ratio. you never pick your cc limit anyway.

foxymum1977_2

ILW wrote: »

What are you going on about?

what are YOU going on about?? i was refering to my own experience with being offered a higher limit on my CC, problem?

foxymum1977_2

antrobus wrote: »

So most people would have accepted the offer of a loan from their bank for £25,000? Are you crazy? At least that's what I'd have said to the bank employee who made me such an offer. Why would I want to borrow £25k unless I had a specific reason to want £25k in the first place?

Personally I was impressed by the MSEr who on one thread likened credit to a hotel mini bar. Yes it's there, and the hotel put it there, but it's down to you to pay the bill if you consume the contents.

i dont think you read my answer properly, i wasnt saying the person who has blown 25K should have taken the offer of the money i was talking about MY experience and the post of another forum member above regarding being offered higher CC limits, in answer to your question NO i am not crazy but being driven a bit crazy by some of the stupid & rude answers people give on here.

Apples2

foxymum1977 wrote: »

but being driven a bit crazy by some of the stupid & rude answers people give on here.

Stop getting in a tizz, nobody is being stupid, or rude.

Hormones.. Pah! :j

foxymum1977_2

Apples2 wrote: »

Stop getting in a tizz, nobody is being stupid, or rude.

Hormones.. Pah! :j

i beg your pardon? what a sexist comment & who aksed for your input anyway.
see what i mean about peoples rude answers, well done you confirmed it haha

Apples2

you need councilling.