One in five people struggling with debts has seen their credit card limit automatically increased – a higher proportion than for cardholders in general, a charity has claimed.
Citizens Advice said 18% of those struggling financially had seen the limit increased without request, compared with 12% overall.
It wants a ban on increases without a cardholder’s explicit consent.
The regulator has estimated that 3.3 million people are in persistent debt.
In a report published earlier this year, the Financial Conduct Authority (FCA) said that “customers in persistent debt are profitable for credit card firms, who do not routinely intervene to help them”.
Recent industry figures …
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