Claiming compensation for having a credit card limit raised without permission

izools

Jemma-T wrote: »

I dunno about that!


These scam companies will always hook people's greed.

They sure will, but they won't pay out

lisyloo

There is one very good reason. If you have a lot of credit available to you whether used or not, it can lead to a refusal for credit elsewhere.

You are right, but you'd have an extremely difficult (if not impossible) job trying to prove that you'd been turned down due to too much available credit and otherwise would have got the card.

Much better just to monitor your accounts and ask for a decrease.

sharpy2010

I think every time someone asks this ridiculous question about "how can I claim compensation for something that hasn't even adversely affected me", we should deliberately goad them into spending (and thus losing) their money with the dodgy company who claims to be able to get compensation.

Perhaps that would stop the idiots asking this silly question.

Its a sad society.

be_traist

Sceptic001 wrote: »

I have just had one of these calls. From a company called (at least it sounded like) Toucan. I am ex-directory but she knew my name (so it wasn't a random dial) and spoke as though she knew my credit card limit had been increased (it hasn't). When I asked her what credit card she was referring to she said my Visa credit card. When I said I don't have a Visa credit card she rang off.

Beware!

Same sort of thing here. This guy seemingly knew that I had a credit card agreement where the limit had been increased, when it hasn't at all, so it's obviously a random thing hoping to hook you in with promises. As I knew that I hadn't had my limit increased and in fact I have no outstanding balance on the card, he rang off pretty quickly.

smartiedriver_2

amibovvered wrote: »

I have seen a few posts in the past complaining about credit limits being raised and I've never really understood them - why should it matter if the limit is raised? You don't have to spend the money? I can understand that it could be problem if the limit was reduced, but not raised . . .

Finally, someone with some common sense!!!!!

p00hsticks

fozmcfc wrote: »

There is one very good reason. If you have a lot of credit available to you whether used or not, it can lead to a refusal for credit elsewhere.

I've never come across a card company who weren't happy to reduce the card limit for you if you simply asked them to, though.

JasX

Its called an upfront fee scam...... your deposit is as likely to be returned as the £6m lottery win you've paid the admin fee for in the irish lottery..... or the $12m USD the corrupt nigerian official is needing to transfer through your bank account..... you get the idea

ILW

JasX wrote: »

Its called an upfront fee scam...... your deposit is as likely to be returned as the £6m lottery win you've paid the admin fee for in the irish lottery..... or the $12m USD the corrupt nigerian official is needing to transfer through your bank account..... you get the idea

Oh no.

Are you saying he is corrupt?

moonrakerz

smartiedriver wrote: »

Finally, someone with some common sense!!!!!

See my post #9 in this thread........................:D

Eonel

ILW wrote: »

Oh no.

Are you saying he is corrupt?

He was corrupt when he stashed $100m of state money in his bank account.

But he's turned a new leaf now and promises to give me 10% of that if I just pay a transfer fee of a few hundred dollars

And I got a phone call from a solicitors today who can get me compensation for that transfer fee as I was mis-sold it. Will only cost me a few hundred dollars more.

Its free money, don't know why everyone isn't doing it