Why is it that Orchard Bank gives credit cards to everyone?

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Why is it that Orchard Bank gives credit cards to everyone?

2007-03-04 17:10:02 · 3 answers · asked by Boricua Born 5 in Business & Finance ➔ Credit

3 answers

B/C they are crooks!
They charge exorbitant fees and interest to do business with their client pool. They prey on the less than credit worthy.

2007-03-04 17:21:10 · answer #1 · answered by Mr realistic...believer in truth 6 · 2⤊ 0⤋

because they charge high interest rates and enormous fees. They know they are going to get the deadbeats to subscribe and will nail them with fee after fee after fee.

2007-03-04 17:18:38 · answer #2 · answered by WindowLicker 6 · 2⤊ 0⤋

It's a market that other companies are scared to touch so they get additional business.

2007-03-04 17:48:09 · answer #3 · answered by Mariposa 7 · 2⤊ 0⤋