this is really bad but then why do the credit card companies keep on sending her credit cards when it's odvious that she doesn't pay her bills? shouldn't they stop sending her applications?
2007-09-16 09:02:51 · 5 answers · asked by ynra BTB 4-18-09 6 in Business & Finance ➔ Credit
Isn't it amazing how the banks keep offering credit to people who are already stretched way over their head...then cry because their profits are going down the toilet due to all the charged off accounts?
They deserve what they get.
2007-09-16 10:49:58 · answer #1 · answered by Anonymous · 3⤊ 0⤋
Could be she was paying minimums while she was runing up those cards. That would get her more card offers.
Eventually, it will all catch up to her. In 4 or 5 years she'll want to buy a new car or a home and her credit will suck.
2007-09-16 10:55:11 · answer #2 · answered by bdancer222 7 · 1⤊ 0⤋
Seems obvious to me too.
Buy an alcoholic a bottle of booze, a arsonist a 5 pack of disposable lighters and someone unable to manage their credit a brand new credit card.
IMO it is a bit counterproductive.
2007-09-16 09:27:11 · answer #3 · answered by gimpalomg 7 · 1⤊ 0⤋
Perhaps friend is bragging because at some point they DO stop sending the cards.
2007-09-16 10:12:52 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No, they make more money on the folks who do not pay, due to late fees, etc.
2007-09-16 11:38:23 · answer #5 · answered by StephenWeinstein 7 · 0⤊ 0⤋