Credit Card Crunch

As the financial problems of Northern Rock and a variety of other UK lenders came to their peak, many individuals suddenly found their credit card spending limits cut in an effort to reduce the amount of debt that these lenders had to carry. Though a number of cardholders who do business with lenders and credit issuers from all over the UK have felt the sting of these cuts, those whose cards were issued by Northern Rock may seem the worst hit simply due to the number of other problems that the bank has been having.