This would simply limit lending to riskier borrowers who would then seek financing through other, less desirable means (title loans, or even loan sharks). Cred

This would simply limit lending to riskier borrowers who would then seek financing through other, less desirable means (title loans, or even loan sharks). Credit Card interest rates can be 1000%, as long as you pay off your statement balance in full before due date, it doesn't matter (cash advances notwithstanding).