Very interesting article on the BBC (see here) about how banks are cashing in on our insatiable desire to buy now, pay later. I was originally turned down for a credit card despite having a no major debt to talk about (which probably explains why I was turned down). Then after a stiff letter from my brother Rob as my "financial advisor" I was given one with £600 credit limit. Within about three years it was £5,000 despite my salary being around £15K at the time. Now I earn far more, but my credit limit hasn't moved in nearly ten years.
This might explain why I don't get tonnes of credit-card junk through the letterbox in comparison to - say - the previous owner. So the moral of the story is - if you want the banks to stop offering you "tempting" loans, don't take them up on any!
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