In the post this morning I received a letter reducing my credit limit on my ASDA card from £2500 to £200
When I asked Santander the reason they told me it was on information from a Credit reference Agency.
I have always paid my debts on time have no mortgage on the houses I own and the credit check I did showed no problems.
When I went back to Santander they said it was a business decision but would not elaborate.
Santander are treating their customers very badly and I will be closing the account and withdrawing the £27000 I have in savings with Abbey who are part of Santander.
Sensible credit control is understandable in the current climate but their actions are completely unjustifiable in this case.
I do not recommend dealing with this bank.
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