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
If you have a bad credit score there is also a chance you wont pay the money back. They make money off the interest they charge on the money loaned. 🙂
Latest Answers