bad credit, here's the answer - Page 3

101lifts2 · 12-23-2009, 10:46 PM

Quote:

Originally Posted by RACER X

ok, but if you sign up for it, is it not also your own fault?

This is where the governmnet needs to step in against fraud...If they need to anything, it is this..

Smittie61984 · 12-23-2009, 11:20 PM

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.

12-23-2009, 11:20 PM	#22
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.