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Barclaycard (Ring) Interesting Article

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.

 

Part 1

Part 2

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Re: Barclaycard (Ring) Interesting Article

B335, thanks for sharing this.  I loved the reading and it makes a lot of sense. 


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Re: Barclaycard (Ring) Interesting Article

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.



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Re: Barclaycard (Ring) Interesting Article

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

      
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Re: Barclaycard (Ring) Interesting Article

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 Smiley Happy

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Re: Barclaycard (Ring) Interesting Article

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).

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Re: Barclaycard (Ring) Interesting 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 

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