As we see from several people here (Hi young...!) the CCs DO still continue to issue cards to people with these (reported) profiles. Wonder why. "Maybe he will change"
or is it just most of them really follow some form of mechanical FICO scoring, and if you meet the score, we'll take you.
It might be that the marginal cost of new users is very small, if we have e-statements etc, so it makes sense just to grant the application than spend time worrying about profitability (once the score has given us some assurance against default).
If so, maybe we should either set up a CC company that does marginally better by screening out such non-performers, or set up a consulting company that does such screening for issuers!
