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....well-being with automatic credit limit hikes
Barclaycard has been accused of putting profits before customer's well-being by automatically increasing credit limits and running the risk of encouraging customers into further debt and unmanageable finances. The UK's biggest credit card provider has been automatically increasing credit limits, giving customers 30 days to opt-out of the rise or else be automatically opted-in, The Times newspaper reported. Francesca Toma, of the debt charity StepChange, said: 'Credit card debt is one of the main contributors to debt problems in the UK and we are seeing a number of cases where banks are automatically increasing credit card limits.....Read more here
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