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Credit Card Con

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Comments

  • NickX
    NickX Posts: 3,046 Forumite
    97trophy wrote: »
    The amount of credit card borrowing written off as a result of defaulting customers rose by 92 per cent during the first six months of the year to £915 million.

    Well they still managed to increase their profits though. I'm not going to lose any sleep over Barclaycard.

    Many of those bad debts will have been simply sold on anyway so the debtors are still going to be pressurized into making repayments.
  • ILW
    ILW Posts: 18,333 Forumite
    HEDGES295 wrote: »
    Barclays announce £3bn profits in first 6 Months enough said!!!
    I believe virtually all that came from their investment banking division. I may be wrong but I think retail banking made a loss.
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