In message
<849d85f5-a21f-4e09-a634-5e560e3c1cab@s37g2000prg.googlegroups.com>,
dsfn writes
>My credit card company HBOS, has just lowered my credit card limit
>from 4600 to 4400 thus turning a 41 pound credit into a 179 pound
>deficit. I have informed them that I regard this as a breach of
>contract which renders our contract null and void and that I no
>further obligation to repay any money owed to them. Can I do this?
Evidently you just have. :-)
But it has no legal effect at all. Of course you cannot just write off
all the money you owe them.
The one area you may have an argument is if they try to impose penalties
on you for being in excess of your credit limit. The courts do not like
penalties that take effect as a result of people retrospectively
changing the rules.
>
>Also, Are thery within their rights to refuse to communicate with me
>via Email. Cheers!
Yes they are.
Credit card companies provide pages and pages of terms and conditions.
They employ people to ensure that those terms and conditions allow them
to do what they wish to do. The chances of you finding that they have
slipped up are slim.
--
Richard Miller |