Wednesday, December 15, 2004

Barclaycard Not So Friendly Anymore

For the second time in a month Barclays has sued loan defaulters for nonpayment. The accused 17 borrowers had borrowed amounts ranging from Sh80,000 and Sh800,000 under the bank's home improvement and credit card schemes in the past two years. Last month, the bank sued another group of 20 defaulters. The borrowers took the loans following a publicity blitz by the bank, which also reached out to non-account holders.

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