Lloyds and Halifax customers could see credit cards cancelled from February under new rules

Lloyds and Halifax customers could see credit cards cancelled from February under new rules

Credit card customers of Lloyds, Halifax and Bank of Scotland could see their cards cancelled from the end of next month if they have been in “persistent debt” and have not reduced their balance.

The lenders, which are all part of Lloyds Banking Group, sent letters this week laying out how they would deal with customers who have been in the red on credit cards for 36 months.

In some cases,…

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