How do banks and money lenders benefit from this... - Limited/Bad/Fair Credit Questions

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Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » How do banks and money lenders benefit from this feature?

How do banks and money lenders benefit from this feature?

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Bank and others that lend money or give out credit uses an individual’s credit history and credit score as it is the deciding factor that proves the future payment pattern based on the past pattern.

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