I was interested in the accusation that the people being canceled were the PIF'ers. I wish the article had gone into that a bit more, to see if it were true.
"Of course, no one should be forced to give credit to anyone. In fact, I've accused this industry of too easily giving credit in the past and not making proper checks," the Scottish legislator said.
"But in this case they seem to be almost indiscriminately taking people off their books and there is a strong suspicion that these are people who - because they don't actually get into debt and start paying high monthly interest charges - ... may not be the most highly profitable customers and they're being cleared off the books," Griffiths said.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
