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Sure, we could all pay interest rates that are based upon some amalgamated average risk profile, so you end up subsidizing deadbeats who don't pay their debts.
by ams6110 9y ago
Sure, we could all pay interest rates that are based upon some amalgamated average risk profile, so you end up subsidizing deadbeats who don't pay their debts.
- stnaoent23nt 9y agoAs someone who pays their credit card off in full every month, that would be fine with me. I never pay interest.
- bigheadpercoli 9y agoIt's not only about credit cards. Mortgages, car loans, working day loans, etc. as well
- otakucode 9y agoWould that be more or less expensive than subsidizing the credit reporting agencies shareholders desire for aggressive growth?
- ams6110 9y agoI don't know. But in the proposed scenario, credit reporting agencies wouldn't exist at all.