Common use of CHANGE IN YOUR CREDIT LIMIT Clause in Contracts

CHANGE IN YOUR CREDIT LIMIT. 18.1 We will keep your Credit Limit under review throughout the term of this Agreement. You may reduce your Credit Limit at any time by providing us with notice in writing to xxxxxxxxxxx.xxxxxxx@xxxxx.xxx. In addition to our rights in Condition 10.4 to reduce your Credit Limit, we may reduce your Credit Limit based on an assessment of risk or your ability to repay if we think it is the right thing to do as a responsible lender, or if your Account becomes a Dormant Account, and we have the right to not give you any notice beforehand if we think this would not be appropriate. We may, however, choose to give you up to seven days’ notice. We won’t reduce your Credit Limit to less than your total outstanding balance, plus any Purchases authorised but not yet applied to your Account.

CHANGE IN YOUR CREDIT LIMIT. 18.1 We will keep your Credit Limit under review throughout the term of this Agreement. You may reduce your Credit Limit at any time by providing us with notice in writing to xxxxxxxxxxx.xxxxxxx@xxxxx.xxx. xxxxxxxxxxxxxxx@xxxxxxx.xxxx In addition to our rights in Condition 10.4 to reduce your Credit Limit, we may reduce your Credit Limit based on an assessment of risk or your ability to repay if we think it is the right thing to do as a responsible lender, or if your Account becomes a Dormant Account, and we have the right to not give you any notice beforehand if we think this would not be appropriate. We may, however, choose to give you up to seven days’ notice. We won’t reduce your Credit Limit to less than your total outstanding balance, plus any Purchases authorised but not yet applied to your Account.