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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.

Disclaimer: This editorial content is not provided or commissioned by the banks or credit card issuer(s). Opinions expressed here are the author's alone, not those of the banks or credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the banks or credit card issuer(s). Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult with the issuing bank of the card or account for terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are accurate as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.