07-17-2013 10:10 PM
07-17-2013 10:20 PM
If they are taking AA against customers because of this, I say screw them. They had an "extremely difficult" year because they got caught breaking the law. Consumers were screwed during the process and I don't detect even the slightest tone of apology.
Whether customers get AA should be dependent upon the risk analysis of the customer itself. If they are taking AA against customers just because they are required to pay a fine, they are essentially shafting their customers again after getting caught red handed for shafting their customers through illegal means.
Well, I didn't post the lots of pages of how they are going to "transform the culture" to make Barclays PLC a fine upstanding place blah blah blah because it makes me feel sick (and reminds me of my employer's similar nonsense). They also talk about all the charitable work they do, perhaps with their ill-gotten gains... But the AA action almost certainly is unrelated to this except for culture, the amounts involved in cutting off US cardholders is just insignificant.
But! If you put the LIBOR scandal in a book, people would say it is too unbelievable.... For those that don't know, the LIBOR rate controls trillions of dollars, most ARMs are linked directly or otherwise. So how was the important index set? Each day, a group of banks were asked to ESTIMATE how much interest they thought they would have to pay to borrow from each other (London Interbank..). The highest and lowest estimates are discarded and the rate set for the day from the average of the remaining ones. But these aren't "banks", these are people. And these people, either themselves or for their friends, realized that, depending on what transactions were planned for that day, it would be good if the rate went up (or down) a little, so they supplied estimates a little higher or lower than they would otherwise. Stupidly there are email trails detailing this. All because you just had to supply estimates, with no real transactions involved.
Last week Libor was sold to the group that operates NYNEX for 1 pound. Critics point out exactly the same self-interest is involved in the new group, but even less transparently. But we are told it will all work for the best. And LIBOR is so pervasive, that even when it was revealed as a sham last year, nothing was able to replace it.
07-17-2013 10:48 PM
first of all let meBarclay I opened my apple card 1 year ago yesterday they CLD me I called told csr what happened he read me the letter they suppose to send out for the decrease bla bla....
he said it was lowered due to
something like proportion of payment is to low to balance I told him I pay in full every month then he checked my payment history and big pause......I dont know what to say sir. what a joke anyways to make my day better today i ask for increase on my Home Depot card and yes within 6 months i went from $500 to 16.5K I also hit up Bank of America within 6 months my card went to 4k to 17.5k oy yeah I did close BARCLAY
07-18-2013 12:04 AM
Very disappointing to hear about Barclay's acting like this. I'm glad I didn't bite for the 2% Priceline Visa when it was still available. I'm pretty sure I won't be seeking any cards with Barclays in the future unless it involves a large sign up bonus. Even then I might not keep it.
07-18-2013 04:12 AM
I kinda worry they will CLD me, since my account has been open a year and no CLI. Well almost a year, I think it is a year next month. I am sure they don't like me since I have opened up a bunch of cards, most better than theirs.
07-18-2013 06:37 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.