I know that irresponsible lending has been discussed a lot in the media since all the sub-prime stuff happened, but do you think it is still happening? I ask because I have been astonished by the behaviour of one major credit company (oh all right, it's Black Horse). My partner and I both bought bikes a couple of years ago, and took advantage of the interest-free credit option to spread out the payments. This involved entering into a credit agreement with Black Horse.
Since we repaid the loans, they have deluged us both with regular offers of silly amounts of credit, available instantly - ranging between £2,000 - £7,000. I got fed up and asked them to take my name off their mailing list a while ago, but my partner is still getting frequent mailshots from them, regardless of the "credit crunch". Of course there's no guarantee that he would actually get the credit, if he tried to apply for it, but still, wouldn't you expect them to be reining things in a bit?
Since we repaid the loans, they have deluged us both with regular offers of silly amounts of credit, available instantly - ranging between £2,000 - £7,000. I got fed up and asked them to take my name off their mailing list a while ago, but my partner is still getting frequent mailshots from them, regardless of the "credit crunch". Of course there's no guarantee that he would actually get the credit, if he tried to apply for it, but still, wouldn't you expect them to be reining things in a bit?