The answer to this is yes, banks survive on lending money to those in need at a certain interest rate, however for those individuals trying to make a positive mark on their credit score are also given loans however at a higher interest rate, in a way giving an individual an opportunity to make regular payments which in turn helps improve their score.
Does the bank benefit while helping an individual... - Limited/Bad/Fair Credit Questions
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » Does the bank benefit while helping an individual work towards a better credit score?
Does the bank benefit while helping an individual work towards a better credit score?
Answered at May 9, 2010
Add to Favorites:
Email you:
Related FAQs:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Enter your e-mail address to subscribe to the latest CreditLand news, articles, and expert advice for FREE.
CreditLand will never share your e-mail address with any third parties.
You may unsubscribe at any moment by simply clicking the Unsubscribe link in any of CreditLand's newsletters.
CreditLand will never share your e-mail address with any third parties.
You may unsubscribe at any moment by simply clicking the Unsubscribe link in any of CreditLand's newsletters.
