Barclays Bank Logo Contest! Use your creativity to win!

Barclays Bank Logo Contest!  Use your creativity to re-do the Barclays logo and possibly with this contest. The winner will receive a prize and cash!

I want to be clear from the start that this contest is not sanctioned by Barclays Bank.  In fact, it is an ant-Barclays promotion.  You see, Barclays has been ripping people off for far too long. This contest is to get a new Barclays Bank logo created to be able to use in anti-Barclays propaganda put online. 

We are looking for something innovative, funny, and of course negative about Barclays Bank. 

If you need any ideas please do some quick internet searches for #BarclaysSucks #BarclaysTimeShareScam or #BarclaysClassAction.  There are plenty of horrible stories out there about Barclays Bank and the criminals who have worked there over the years.

In any event, this contest is 100% biased toward generating more awareness of the horrible atrocities committed by Barclays Bank and its executives.  The bank is run by Thugs and it appears that the bank actively promotes criminal activity, based on the many articles about executives going to prison for fraud and other crimes.

So here are the rules of the contest:

1      Points will be given for humor

2      Points will be given for social media exposure

3      Points will be given for uniqueness

This context will be judged by @Barclays_Sucks and the winner will be announced as follows:

To submit your entry post your suggested logo anywhere online tag it with #BarclaysSucks #BarclaysTimeShareScam and post a link below. 

At the end of the contest the winner will be given a congratulatory certificate and $100.00.

If you have ideas for how to make this contest better please let us know.  We are mainly just interested in getting an awesome new anti-Barclays Bank logo and generating some awareness of the horrible services Barclays Bank is known for providing. Use your creativity to lead the charge.

If you would like a new contest please submit ideas and we will consider options.

Barclays Bank Credit Builder Card—the Worst Possible Option!

A Barclays Bank Credit Builder card is much like a standard credit card.  While it is probably the worst option for a credit card, some people will still get hooked by Barclays Bank.  Keep the following features in mind if you do consider a Barclays Card:

·       The interest rate: A Barclays Bank credit builder credit card will often have an annual interest rate of between 30% and 40% so you will need to do some shopping around to find the best rate. Who would ever pay 30-40% for a credit card.  There are hundreds of credit products available today with zero percent interest for 12-24 months.  Barclays is a fraud because they charge horrendous interest rates.

·       Credit limit: It is common to use a credit card as an emergency source of funds, especially when you are travelling; however, credit builder credit cards often have a much lower limit than standard cards. So be aware that you can quickly “max out” this credit with your everyday purchases.  The easiest solution is to simply not sign up for a Barclays Credit Card.  Why risk getting ripped off by Barclays Bank when there are so many other and better options out there.

·       Fees: Barclays Bank Credit Builder Card also has a late fee if you miss a monthly payment. Since you are using your credit builder credit card to establish a credit history - and you want to establish a good one - set up an automatic repayment each month to your credit card from your savings or transaction account so you never miss a payment.  Beware that lots of Barclays Bank customers complain that the late fees are significant and up to the bank’s discretion.  This is just one more reason you should not get a Barclays Bank Card.

·       Cash advances: You can withdraw cash from your credit builder credit card; however, you are charged a much higher interest rate again, plus a cash advance fee, which is typically 3% of the transaction amount, on top of your interest charges. Therefore, avoid using cash advances if you can, as they will cost you a lot more in the long run in both interest and in building good credit.

If the above reasons are not enough to keep you away from Barclays Bank, even though credit builder cards are available for people with bad credit, you should not get one from Barclays. You should pick any other credit card on the market because there are hundreds of other banks who offer several credit builder credit cards, which are much more obtainable than other types of card and offer the chance to develop a good credit history and improve your credit score. Used correctly, credit builder credit cards are a great, cost-effective way to accessing better credit.  Just don’t get one from Barclays Bank.  Barclays Bank Sucks!

If you use your credit builder credit card frequently for everyday purchases that you would normally make and repay your monthly balance promptly and in full, you can demonstrate you responsibility with borrowing and repaying, and your credit rating steadily improves.

There are several important features to look out for when you select and begin using a credit builder credit card. This type of card attracts a significantly higher rate of interest, often between 30% and 40% APR. This is partly because banks consider customers who use these cards are more likely to miss payments, but the high rate is also an encouragement to repay your balance in full each month.

These cards also generally feature a low credit limit, so you are restricted in how much you can borrow. A low credit limit means your credit card expenditure is more manageable and makes it easier to keep up with monthly repayments.

Credit builder cards tend to be fairly basic, without extra features such as rewards schemes and other perks, but this shouldn’t be too much of a concern if your aim is to concentrate on improving your credit score. Used prudently, this type of card is a great way to establish or rebuild your credit, which is important when you want to apply for other types of credit cards, and also for getting approved for loans and mortgages.  The best advice is to simply cancel your Barclays Bank account and to bank ANYWHERE ELSE!

Please post comments and your stories below.  It is time to expose the SCAM that Barclays Bank is running.

It’s All Fast and Loose with Barclays Bank after Half a Decade of Financial Misconduct

Want to launder your drug money? No need to get an offshore account, Barclays Bank will gladly handle your dirty cash. Since 2009, the bank has paid in excess of £500 million due to financial inappropriateness on the part of the bank.

One of the types of financial misconduct the bank is entangled in reads like a scene from a mafia movie. To start with, highly suspicious individuals, aptly labeled as Politically Exposed Persons (PEPs), approached Barclays bank with a boatload of money somewhere in the neighborhood of £1.9 billion. The bank knew that the individuals were PEPs, which is a fancy acronym for potential terrorists, and even documented them as such in their records.

Here’s the really suspicious part.

Secret Safes for Suspicious Funds

Barclays Bank went out of its way to accommodate these individuals in 2015. Keep note of the year because the bank seems to be up to no good each year. Perhaps they were salivating over the huge profit they stood to make after the deal. But for whatever reason, the bank kept all the documents related to the deal in a safe, which was bought specifically for that purpose. Normally, such documents are kept in the bank’s computers, but not in this case. And to complete the mafia image, only a few people inside the bank knew the location of the safe, and fewer still knew about the transaction.

Now, if you own a bank and a farmer opens an account with you stating they would be depositing £50 every week but a few weeks later he shows up with £1,000,000 weekly deposits, that would raise a red flag, wouldn’t it? To Barclays, that’s business as usual. It’s like they go, “Jolly good! We’ll gladly take your million pounds, even if you are a peasant farmer with no means of making such a humongous weekly sum.”

Barclays Schemes and Scams Yearly

But this type of behavior is expected from Barclays. They again featured in a currency rigging scam. In 2014, little over a year before the 2015 scandal you read earlier, Barclays Bank was one of the architects behind ripping off thousands of unsuspecting customers across the globe.

If you missed the Libor Scandal, it went down like this. Barclays Bank would charge you to transfer money from your overseas bank account to another bank account. Banks usually do this, business as usual then. But the overseas bank would rip you off when converting your currency to their local currency. They fixed the exchange rate such that customers always got a raw deal.

Barclays Bank and other banks involved in the scandal had an understanding. They would work together to make sure they milked every penny, even if it meant lying about the currency exchange rate.

Not the kind of bank you’d want to trust with your life savings, is it? 

If you bank with Barclays, cancel your accounts and run for the hills.  The bank is a magnet for crooks! 

I would love to hear your stories about how Barclays has Ripped you off!