Hi
i have a credit card with a £14800 limit.
balance on card is approx £8500
First I knew of it was when I received a letter yesterday from the bank collections department to say they had reduced my credit limit to £5800 and I was now £2700 over my limit and what was I going to do about it? The letter was very blunt.
Can the bank do this with no notice? I’ve been worried sick all weekend
I would be grateful for any advice please.