I think what they are really doing is increasing interest rates on good credit people to help pay for the decrease in interest rates to bad credit people.
There still would be a big difference in interest rates between good credit and poor credit.
Hey, it's only fair that people that work hard, save their money, spend wisely should help others. Why should someone who has bad credit be forced to pay more in interest than others. Those others that because they are careful with their money can afford to pay more?
I think what they are really doing is increasing interest rates on good credit people to help pay for the decrease in interest rates to bad credit people. There still would be a big difference in interest rates between good credit and poor credit.
Hey, it's only fair that people that work hard, save their money, spend wisely should help others. Why should someone who has bad credit be forced to pay more in interest than others. Those others that because they are careful with their money can afford to pay more?
yep, it all makes sense now.