Bad news for card tart mf

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_V_ replied

13 April 2017, 21:46
Originally posted by BrilloPad View Post

Borrow and spend is the only thing keeping the "flying pig" economy in the air.

They will drop interest rates. Add more QE. Kick the can further down the road.

I might even be able to afford to get married again....

While Carney is in charge at the BoE expect a never ending money printing splurge.
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Mordac replied

13 April 2017, 17:23
Originally posted by BrilloPad View Post

Borrow and spend is the only thing keeping the "flying pig" economy in the air.

They will drop interest rates. Add more QE. Kick the can further down the road.

I might even be able to afford to get married again....

But can you afford to get divorced again?
Leave a comment:
BrilloPad replied

13 April 2017, 16:46
Borrow and spend is the only thing keeping the "flying pig" economy in the air.

They will drop interest rates. Add more QE. Kick the can further down the road.

I might even be able to afford to get married again....
Leave a comment:
BoggyMcCBoggyFace replied

13 April 2017, 16:06
Not surprising, I've got 1 card at the moment that is interest free for 2.5 years with a credit limit of £10k, easy to see how people can get sucked in to debt.
Leave a comment:
MarillionFan replied

13 April 2017, 15:58
Good job I just got my new Hilton Honors Credit Card today.

So that's straight back to Gold, some free stays immediately and loads of points for extra stays.

Nice.
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AtW started a topic Bad news for card tart mf

13 April 2017, 15:20
Bad news for card tart mf

Banks cracking down on lending after borrowing binge, survey finds

Worried lenders are starting to put the brakes on Britain’s consumer borrowing binge and plan to get tougher on credit card users, according to a Bank of England survey.

Its poll of all the main high street lenders showed they had cut access to credit in the opening months of this year and plan to limit it further. The proportion of lenders expecting to restrict access to credit between April and June was the highest since the financial crisis in 2008.

Those plans will be welcomed by financial regulators after their warnings on the rapid growth in borrowing in recent months. But the prospect of households having less access to cash to spend will add to concerns that economic growth will slow this year.

"Lenders expected credit scoring criteria on credit card lending to “tighten significantly” in the second quarter, the Bank said."

https://www.theguardian.com/money/20...d-credit-cards
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