Monday, Oct 05, 2009

This seems to contradict the mortgage figures from other sources of the last few months

Telegraph: Banks to tighten lending criteria on loans and reduce credit card limits

The Bank’s Credit Conditions Survey suggested lenders will place stricter limits on those they give money to and reduce credit card holders’ limits in the run up to Christmas. It comes as more lenders said they had reduced the availability of mortgages rather than increased it during the past three months following a “deterioration” in the cost and access to wholesale funds. But this is expected to improve over the next three months as the billions of pounds pumped into economy begins to filter through to consumers.

Posted by wanderinman @ 06:33 PM (645 views)
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1 Comment

1. Frontier said...

Barclays recently took off my two CC: one was Barclaycard Cashback, the other ThomasCook.

The reason was because I have NEVER paid any interest. (officially they said they have changed some criterias; customers who are not making us money should go)

Monday, October 5, 2009 09:00PM Report Comment

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