2007-02-12 10:49:23 · 5 answers · asked by logic 1 in Business & Finance ➔ Credit
As I said last time you posted this question, or the last time I saw it anyway, The quantity OFFERED is not the problem. The quantity USED is the problem.
2007-02-12 12:03:48 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
Absolutely, personal debt is spiralling out of control. There's not enough communication between organizations. It's sick how credit is offered freely everywhere.
Delinquent customers cause higher rates for all customers in the end. Predicting who'll not pay is not an easy task (apart from the obvious people in debt up to their eyeballs)
2007-02-12 18:55:53 · answer #2 · answered by Anonymous · 0⤊ 1⤋
No. It's (supposedly) a free country, and credit grantors take a calculated risk when they lend money. Rates and fees are adjusted accordingly.
2007-02-12 19:01:52 · answer #3 · answered by kena2mi 4 · 0⤊ 0⤋
He's right ; this question has been on here a lot; are you doing a report for school or something?
2007-02-12 22:37:30 · answer #4 · answered by CALIFORNIA GOLD 3 · 0⤊ 0⤋
that's kind of sad.. you're going to county, and you can't do the research on your own...
2007-02-13 19:30:16 · answer #5 · answered by habibi_101 4 · 0⤊ 1⤋