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  1. #1
    Contributor bilbo
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    Credit crunch, what credit crunch?

    In the last 2 months I have been accepted for, and given 3 separate credit card accounts. The limits are £7200, £4500, £2750.
    I am now retired, and have a private pension providing income. Can I just declare myself toxic, and regard it as bad debt not to be repaid?

  2. #2
    Expert TOPCAT57
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    Not of if you have worked all your life - that is reserved for the chavs!


  3. #3
    Enthusiast PatoTheDuck
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    Wait a few years, some idiot will head a "mis sold" campaign, cause you really didn't understand that you had to pay it all back again did you?

    I wonder who could head the campaign, hmmmmm?

  4. #4
    Contributor rufushunt will become famous soon enough
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    Credit Crunch, What Credit Crunch ?

    Was wondering the same thing Bilbo. Obtained a new one for NECTAR points shopping recently, an interest free period BT (old one not cancelled) which gives a total limit of well over £20k. My bank keep hasselling me to take one of theirs.

    Seems like there is plenty of credit around. No doubt a new mortgage will be just as easy to find when my fixed term deal runs out !!

  5. #5
    Contributor InterestedViewpoint
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    Doesn't this just reflect that you are low risk? In whatever crunch or recession, those with clean records and good repayment records can buy anything on tick.

  6. #6
    Contributor rufushunt will become famous soon enough
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    It just seems at bit odd that banks, while borrowing billions from the taxpayer, appear content to continue the credit lines to customers in much the same way that existed before the crunch.

    Sure, they need to lend money (it is after all the basis of capitalism !), but £20k+ ? (and sadly my earnings are no where near the banker class of pre-2008). No evidence of additional checks on my credit wortiness, ability to pay back. It just doesn't feel like the greatest financial crises since the great depression.

  7. #7
    Expert TOPCAT57
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    Bank boss jumps out of 15th floor window lands outside and says:

    Ohh its OK ive landed on a taxpayer !



 

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