Banks denying secured credit cards 300 viewsJanuary 1, 2024 Question100.55K February 8, 2023 0 Comments Isn’t the whole point of securing a card that it protects the issuer in the event you don’t make your payments? In: 3 2 Answers ActiveNewestOldest Anonymous Posted February 8, 2023 0 Comments The hassle of dealing with an almost certain default may just not be worth it. Spend all the money you deposit, then default. Your deposit covers the initial damage, the cost of chasing you becomes a loss. Banks don’t like probable loss. You are viewing 1 out of 2 answers, click here to view all answers. Register or Login
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