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turbowrx wrote:
So how does PIF make them more money?
Exactly, it's less risk for them and they do make money on those transaction fees. Otherwise, it appears that they would make more from those that carry a balance, because they get the initial transaction fees and then also the interest on carrying balances.
cheddar wrote:
turbowrx wrote:So how does PIF make them more money?It probably doesn't make them more money in actual dollars, but it does make them a decent amount money with far less overall risk, which is what conservative lenders want.