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Look at the mortgage and credit card markets. Most lenders don't discriminate via pricing - they accept or deny individual applications. The market discriminat
by pjdesno 2y ago
Look at the mortgage and credit card markets.
Most lenders don't discriminate via pricing - they accept or deny individual applications. The market discriminates via pricing, as higher-cost providers are willing to loan to customers who pose more significant credit risks.
- efitz 2y agoMortgage market works as you describe. Credit card market works very differently - if Visa and Mastercard debank you, then you are effectively excluded from the market.