Request to Very to reduce Credit Limit

jchrispin

Hi

I've emailed Very three times and spoken on Chat to get them to reduce my credit limit and they haven't done it.

Is there anything I can write to them to make them do it?

Janine

Pixie5740

A letter....

jchrispin

How rude. I know a letter, I was looking for some advice - obviously you don't have anything useful to say.

baz8790

You might have to wait until the next billing period.

It took me numerous emails do get them to close my account.

McKneff

Why not set your own credit limit in you head.
Just beczuse the limit is there doesn't mean you Have to spend up to it.

jonesMUFCforever

jchrispin wrote: »

How rude. I know a letter, I was looking for some advice - obviously you don't have anything useful to say.

It was not rude but a practical answer to your query.

Feral_Moon

McKneff wrote: »

Why not set your own credit limit in you head.
Just beczuse the limit is there doesn't mean you Have to spend up to it.

Because it can gave a negative impact on your credit file. Very are notorious for raising limits with requesting it. I've reduced mine several times over the years (telephone request) only to find they bump it back up again a few months later. I neither want nor need a £7.5k limit especially as I rarely use the account these days!

27col

My credit limit on my CC could be £10,000 or £1,000,000. It doesn't matter. Because I only spend as much as I need to.

Feral_Moon

27col wrote: »

My credit limit on my CC could be £10,000 or £1,000,000. It doesn't matter. Because I only spend as much as I need to.

It will negatively impact on you applying for other credit cards or accounts if you already have a large amount if unused credit available to you.

Superscrooge

If you use credit responsibly, the fact that 'Very' have given you a high credit limit, is unlikely to have any negative effect on your credit file.

It's usually when you max out your available credit that lenders become nervous. As others have said. You don't have to use the full limit.

jchrispin

I don't want the amount. When I clear it in July, I'd like to close it. Thanks for the sensible answers.