Tracy Banhams credit card limit was raised several times without asking, despite her making only the minimum payments. This left her with more than £28,000 of borrowing to repay alone.
The mother of two from Radcliffe, Greater Manchester, used the cards to support her and her husband after their successful engineering company which supplied parts to local factories including Heinz hit hard times. But hers was the only name on the account and she is now struggling to pay after her husband left her.
They just kept topping it up, or theyd just give it us. They never asked for any income to support it, she said. Credit card lenders appear to be targeting people struggling with unaffordable levels of debt, according to research from the…
Read the full article at: https://www.theguardian.com/business/2017/sep/18/credit-card-user-debt-advice