Credit Cards for People without Credit

To Lauren Booth, "Life without credit cards is impossible."

Could you survive 2008 without a credit or debit cards? The journalist Lauren Booth on how a credit card-free lifestyle in Britain is just not possible in today's world..... Going into the galley to get a symbolic large scissor, I flicked my way through a Rainbow with immediate credit. Many of you who read this also find yourselves robbed and fragile without a little credit in your backpack?

Requesting a credit or debit card when checking in is so much part of our cultural life that we don't even realize it. Attempting to remain quiet, my man was producing a handful of dollars and offered both the 150 pound room price and a considerable amount of money to be admitted above. Reluctantly a room keys was skipped, but despite the payment in money he was said that none of the hotel's amenities would be accessible to him or the kids - beginning with room services.

Traveling at least without two credit cards - one replacement if the other has a drawback - is a foolishness. It is also as hard as crossing the International Date Line without a valid travel document. You don't have a map? If you somehow succeed in booking your vacation with money, it is completely out of the question to rent a vehicle abroad.

Another London company required a substantial payment in the form of money. Having spent 72 hrs in London budgeting 400 pounds, the hotelier happily took all my money and left me little small money for a daily ticket. During the three month period to last September credit and debit cards in the UK increased to £91.

An increasing number of borrower use credit not only for fun, but also to settle their budget invoices. My attempts to survive without credit have turned out to be an awkward fail.

Million of people have an elevated credit line limitation without their approval.

Cardholder credit cards lend "too freely" as people raise their credit lines without even asking to lend more. Last year, six million people had their credit lines raised without even asking for it. Averaged 1,481, but one in ten got a rise of 3,000 or more, although the vast majority of those who believe the credit cards firm should always ask for authorisation before raising the spending ceiling.

Research by Citizens Advice, a charitable organization, found that credit cards issuers lend to million of people who can't afford to because 32% of respondents got the extra compensation despite fighting for it. He said that credit cards lend too "freely" and put people and the entire business community at peril if they are not able to repay the debts.

Altogether 8.4 million people (28%) were given a credit hike, but only a fourth (23%) demanded it, which means that the rest three fourths were given the hike their credit cards company made. Financial Conduct Authority (FCA) has reached an agreement with credit cards that they will ask new clients for their approval before increasing the credit line ceilings.

However, in view of next week's budget, Citizens Advice urges the Chancellor to completely prohibit unrequested raises. So Gillian Guy, managing director of Citizens Advice: "It is clear that credit cards contribute to the increase in consumers' indebtedness. "Instead of credit cardholders trying to incur more credit, creditors are aggressively pressing people to make payments regardless of who can and cannot afford it.

TotallyMoney's CEO Alastair Douglas said that an increase in credit limits can give clients more flexible credit, but it is important that people continue to take a good look at their financial management. Your full payment every full monthly and compliance with your actual limits show creditors that you are dependable and accountable.