4 ms·
The first time I ever failed to pay off my card in full on a given month, they increased my credit limit significantly. That seemed a bit perverse to me: Hey, w
by ocdtrekkie 4y ago
The first time I ever failed to pay off my card in full on a given month, they increased my credit limit significantly. That seemed a bit perverse to me: Hey, we see you're struggling, let us make sure you have enough rope to hang yourself with.
Prior to that I'd only ever increase my limit when my monthly spend would approach it, usually a holiday season.
- sublinear 4y agoI feel this might have been a coincidence, but at the end of the day every financial product is essentially a bet the banks make against you so they can get paid the interest.
- mrguyorama 4y agoRemember that payday loans are extremely profitable. Fucking with poor people and making them pay twice as much as everyone else is basically how most American businesses make their best profits.