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Hope I'm posting this in the right area. I came across this article written by a Barclays Bank employee that gives some interesting (at least to me) perspective from a lender's point of view on CLI and CLD. Hopefully I didn't miss this already in the Barclays thread, but I found it to be a very good read on why they do what they do. Two things that stood out for me; only 2-3% of their customers have more than 1 account with Barclays and they view balances as income and open credit lines as risk.
B335, thanks for sharing this. I loved the reading and it makes a lot of sense.
I found this to be a very interesting read. It's what I suspected all along. The article's author did an excellent job in explaining this confusing topic.
pretty good read -- basic stuff (your two line summary pretty much hit the nail on the head), but i love the transparency of barclays and what they're doing with their Ring product. i imagine this would be incredibly insightful and easy to follow along for those less versed in credit.
thanks for sharing
Glad you all got something out of it (even if it's a refresher). In all my history with Barclays I never wanted a balance to post (which I knew was the wrong thing to do with them), but after reading this I actually make an effort to let Barclays report a balance
Thanks for posting this. It appears as though there is a middle-ground safe zone for Barclays balances. Her utilization was too high on the card that received a decrease, but it was just right on the card that received an increase. No utilization would have resulted in neither CLI nor CLD (according to the author of the article).
@DaveSignal wrote:Thanks for posting this. It appears as though there is a middle-ground safe zone for Barclays balances. Her utilization was too high on the card that received a decrease, but it was just right on the card that received an increase. No utilization would have resulted in neither CLI nor CLD (according to the author of the article).
+1 That's what I took from the article as well. Good read! Now I want to get a Barclay card! lol