One day after the Royal Bank of Scotland announced that there would be large bonus payouts to its staff, high and low, and the day when there is supposed to be a tightening-up on credit for mortages we received a wonderful offer.
The same Royal Bank which was part of the most non-sensical banking episode most of us remember, have made available an extra 50% in our credit limit.
We were flattered that they felt we were so trustworthy, but if they had looked at, and analysed our bank statements (which no doubt they can easily do) they would have recorded that our credit card use is only spasmodic and of a minimal amount. Why then would I suddenly wish a 50% increase in funds?
Has no-one told them that as a nation we have a phenomenally-high level of irresponsible spending……..and whilst spending is necessary to see us out of this recession (caused largely by their irresponsible lending ) saving is just as important or they will run out of funds again.
No thank you Mr RBS….keep your excessive credit and leave us to act sensibly.