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Well, nobody should get into debt to buy crypto. But I'm not sure what the motives are here. I'm pretty sure banks like it when their customers get into debt?
by wozer 9y ago
Well, nobody should get into debt to buy crypto.
But I'm not sure what the motives are here. I'm pretty sure banks like it when their customers get into debt?
- maxerickson 9y agoA credit line is pretty much just a loan. They price the credit line (set the interest rate) based on some level of expected risk. If they believe an activity will cost them more in bad loans (and whatever else) than they will earn in interest, they will adjust the terms of the loan to forbid that activity.
- mulmen 9y agoI think banks like it more when customers pay their debts.