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Reduce credit card limits to £250

Submitted on Wednesday 21st December 2011

Published on Wednesday 21st December 2011

Current status: Closed

Closed: Thursday 21st June 2012

Signatures: 1

Petition Action

Reduce credit card limits to £250

Additional Information

I would like to suggest that her majesty's government , changes ,and gets the banks and other credit card operators to reduce the amount a person can have on credit.Reducing it in away that the percentage , is based on earnings. And to stop banks and credit card company's increasing credit limits which itself increases debts.
The Maximum per person should be set to £250, and also banks and credit company's should not increase credit levels above that.
This would reduce use of credit cards ,and encourage savings to purchase items


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