Increasing credit card limits without asking

natalie69

I am hoping you can help answer a few question and worries for me regarding a credit card debt I have.

I was given a Vanquis credit card [which I applied for as I needed it to go on holiday] and the credit limit was £300 which was great as I had got myself in trouble in the past so this limit was perfect.

However over time, and without my asking, the credit limit was raised again and again and again until it reached £3,000.

I missed a payment one month and the interest became so much that the next thing I knew I owed almost £4000 [£1000 interest].
Do I have any rights as they increased my credit limit without my asking for it??

dunstonh

Do I have any rights as they increased my credit limit without my asking for it??

Which is allowed. You could always have asked them to reduce your limit.

Your rights are matched by your responsibility. They didnt spend the money. They didnt force you to spend the money. You could have said no.

barbarawright

natalie69 wrote: »

I am hoping you can help answer a few question and worries for me regarding a credit card debt I have.

I was given a Vanquis credit card [which I applied for as I needed it to go on holiday] and the credit limit was £300 which was great as I had got myself in trouble in the past so this limit was perfect.

However over time, and without my asking, the credit limit was raised again and again and again until it reached £3,000.

I missed a payment one month and the interest became so much that the next thing I knew I owed almost £4000 [£1000 interest].
Do I have any rights as they increased my credit limit without my asking for it??

Please tell me you're joking?

Tixy

If the limit of £300 was perfect for you why did you spend more than £300? If you had kept your balance at or below £300 and made at least minimum payments each month you could not have ended up owing £4000.

ses6jwg

this has got to be a wind up surely?

"Hi um I went to McDonalds to order a salad but they told me there was a good deal on a Big Mac if I bought 8 of them so I bought 8 and ate them all now I am obese can I sue McDonalds?"

ILW

I like the way this thread is in the stoozing "free cash from credit cards" section.

hillendale

Ask them for another credit increase of £4k then use that to pay them back :rotfl:
This posts got to be wind up me thinks

JuicyJesus

ses6jwg wrote: »

this has got to be a wind up surely?

"Hi um I went to McDonalds to order a salad but they told me there was a good deal on a Big Mac if I bought 8 of them so I bought 8 and ate them all now I am obese can I sue McDonalds?"

You must be new here.