Andy Britchford, personal finance analyst at Moneyfacts.co.uk, said that such an approach to lending could help more borrowers avoid debt.
“A longer term, more responsible approach to lending, with particular focus at the initial application stage, could perhaps reduce some of the massive bad debts many face,” said Mr Britchford.
“Surely it is better to prevent these charges and unmanageable levels of indebtedness rather than just reduce the consequential fees.”
His comments come as many credit card lenders prepare to lower their default payment charges, which should help many in debt.
However, while Mr Britchford welcomed this move, he added that lenders should be more “proactive” in giving support and information early to help people avoid going into debt in the first place.