Choose the product that's right for you

View your Credit Report Online
only £9.95

View your credit report online - a one-off snapshot as seen and used by lenders

click here

Enjoy unlimited quarterly access
for only £8.95

Unlimited online access to your credit report as seen and used by lenders. Save and view your credit reports for future reference.

click here

MyCallcredit Sample Credit Report

View our sample credit report and see what your credit report will show you.

click here

Credit limits just asking for trouble

 Back to list

    A large proportion of credit card users is regularly handed the chance to spend more than they can afford on a plate, according to a survey.
    The monthly poll by Moneyfacts.co.uk shows that 61 per cent of consumers have a credit limit that is higher than expected or requested, seemingly providing an open invitation to spend more than would be advisable. Also revealed in the survey was the fact that 32 per cent of mortgage holders see their repayments take up over a third of their net pay – a statistic which was described as "concerning" by Moneyfacts.co.uk editor Emma Butler.
    Of credit limits, Ms Butler added: "Sixty-one per cent of consumers having a higher limit on their credit card than expected or requested shows that we are being encouraged to get ourselves deeper into debt. "Although it is clearly the responsibility of cardholders not to spend above their means, issuers are not helping by luring people to spend more."
    The survey did unearth some brighter news – 75 per cent of us admitted to saving over £100 per month as signs persist that the nation may slowly be starting to learn its lesson about over-borrowing.




Next :  Brits keen to fib about debts 		 

Skipton
Credit Advice : About Callcredit : Privacy Policy : Terms & Conditions : FAQs : Contact Us : Site Map : Useful Links :
© Callcredit Limited 2005 - 2009. All rights reserved. MyCallcredit is a trademark of Callcredit Limited