bad credit, here's the answer

Smittie61984 · 12-24-2009, 12:20 AM

If it's 80% on a $10,000 credit limit then that's high. But this right here is 80% on a $300 credit line which isn't so bad. If they put their percentage at 20% on $300 then they wouldn't make much on a very high risk individual. There wouldn't be an incentive for the company to approve money for these people and these people would be left with nothing at all.

12-24-2009, 12:20 AM	#11
Smittie61984 I give Squids a bad name Join Date: Mar 2008 Location: Fly Over State Moto: 1996 CBR600 F3 (AKA the Flying Turd) Posts: 4,742	If it's 80% on a $10,000 credit limit then that's high. But this right here is 80% on a $300 credit line which isn't so bad. If they put their percentage at 20% on $300 then they wouldn't make much on a very high risk individual. There wouldn't be an incentive for the company to approve money for these people and these people would be left with nothing at all. __________________ lifts - R.I.P.