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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?

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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.

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