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In response to
"I assume right now they're jacking everyone. Wait, whut? -- nm"
by
Qale
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this is my issue with it: They are now part of the problem - not a solution
Posted by
Epiphany (aka Epiphany)
Feb 6 '09, 12:09
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good people who still have money to spend or go into debt with might actually take advantage of deals/sales if they got a good rate.
why would I pay more then every before??
so why is not the answer to the question: lower the rate for good borrowers and higher for people who are taking a credit score hit??
they are banking that the good people will lose a job and need the debt and thus will pay it off AT HIGHER rates - the crappy people still get to write theirs off at some point - good people are paying for that as well.
they are in reality banking on the economy failing - even more - and they are doing their part to make it happen.
end rant/.
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