Moderator
Revelate
Posts: 9,652
Registered: ‎12-30-2011
Re: Not Good - Consumer agency backs down on card fees

95+75=170.

 

So if 30% of their people basically run up $300 and then don't pay it, that may well be reasonable.  At their strata, they're extending credit to some folks who do exactly that... and I know for one subprime lender I worked at, 30% default rate was a fact of life at one point.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
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