If you have good credit you’re more likely to be eligible for a credit card as opposed to if you have bad credit and therefore bad spending habits. If you have bad spending habits you may go over and will have to pay the banks more money, so why aren’t they more interested in those with bad credit?
In: Economics
People that have good credit pay their bills on time, so the bank is more willing to loan them money which in turn generates interest.
They’ll make money off Credit Cards in the short term, and on your mortgage in the long term.
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