barclaycard - Permission to "pick your collective brains" please, re: Consumer Debt.

[SkintBadger]

Hello all! I've had some stonking good advice here in the past, but I'd be grateful if this could NOT be merged with my previous threads because I'd appreciate objective and factual responses please:

 

I have a credit Barclaycard which has a (in my personal opinion) crazy high credit facility compared to my accurate annual income when I took it out in 2018.

However, I now have 3 other credit cards with a much lower limit. 

All 3 cards, except for the Barclaycard are around 70% of their limit.
 

Recently, due to stupid drunken "hard searches" on my credit file trying to get consolidation loans, or new credit cards with 0% balance, my Credit Score has tanked massively.

How does all this work?

 

Will there come a time in the next few months where Barclaycard "get wind of my sudden fall from grace" (for want of a better phrase), and reduce my credit on my Barclaycard? Or does it not work like that?

 

For the record, I'm not in to debt avoidance or getting money I know I can't pay back, however, this Barclaycard has such a ridiculously high limit and I'm only now about 45% into it, I'm kinda relying on it to get me and my family through the next few months. 

 

How does all this work in the new age of "computer says no!"

 

TIA.

 

SB

[dx100uk]

the hard searches are only there for a very short period 1yrs if that i think.

 

dx

 

[SkintBadger]

OK, thanks for info. Do you know if Credit Card companies to regular checking to see if I'm still a good risk?

 

IE/ if I were to default on one card, would the other 2 unrelated card companies eventually get wind of it and cancel or reduce their non-defaulted cards?

 

[dx100uk]

Mostly an automatic system I expect. Not by an actual person no .

 

 

[AndyOrch]

What is a Credit Check? | Hard & Soft Credit Checks | Experian

WWW.EXPERIAN.CO.UK

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Credit checks are an unavoidable part of borrowing & may affect your credit score. Find out the difference between soft & hard credit...

 

[SkintBadger]

Great. Cheers dudes. 

 

I think that answers my question. Many thanks.

 

SB