08-04-2008 10:03 AM
08-04-2008 10:04 AM
So how does PIF make them more money?
08-04-2008 10:05 AM
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.
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.