11 ms·
Those cards generate lots of fees. How can the CC have confidence in the credit report when they issue cards to people with virtually no credit. They are wildca
by fnordfnordfnord 13y ago
Those cards generate lots of fees. How can the CC have confidence in the credit report when they issue cards to people with virtually no credit. They are wildcatting.
https://en.wikipedia.org/wiki/Wildcatter https://en.wikipedia.org/wiki/Wildcatter
- sliverstorm 13y agoRight, but just imagine the fees you'd need to establish on student loans to wildcat them! Late billing fee: $10,000 Processing fee: $1,500 (Etc)
- fnordfnordfnord 13y agoAre you assuming that every college student who is issued a $600 credit limit is a deadbeat? I don't think that's the case. edit: My point in the post above was simply that _if_ it is possible on average for an 18 year old to have a 'good' credit rating, _then_ credit ratings are practically without meaning.