It brings out the greed in all of us and the temptations are so ridiculously easy to fall into peoples self control loses control completely.
I can understand some companies offering a credit card but they should be offering something within a persons budget and limitations and any subsequent company giving offers should check to ensure that the person they are offering it to have no existing credit and if so to only offer within thae credit limititation of the individual.
e.g. If you income allows to be able to have £10,000 credit and the first credit card company offers you £5,000 credit the second company should only offer you up to the same amount and should be able to check through a credit agency of some kind to see how much credit/debt the person is in before the card or credit limit is sanctioned.
I see young kids today with about 10 credit cards in their wallets.
That really upsets me and to cap it all shops ae vying with each other with the buy now pay later and interest free sales giving people ample opportunity to fall victim to their tactics.
Its alright checking peoples credit histiory/rating but no-one is checking the individuals credit limit.
