http://masteryourcard.com/blog/2008/07/02/credit-issuers-dig-deeper-than-just-credit-reports/ The best Credit Card Debt Blog online Wed, 02 May 2012 03:22:04 +0000 hourly 1 http://wordpress.org/?v= http://masteryourcard.com/blog/2008/07/02/credit-issuers-dig-deeper-than-just-credit-reports/comment-page-1/#comment-3060 P L Wed, 02 Jul 2008 17:01:33 +0000 http://masteryourcard.com/blog/2008/07/02/credit-issuers-dig-deeper-than-just-credit-reports/#comment-3060 I don't have a credit card and won't get one so you know my bias. That said, if I'd thought the companies would pull those tactics when I did have credit cards I'd have gotten rid of them sooner and I probably wouldn't have applied in the first place. Yeah, being too nosy and too draconian will hurt the credit card industry - they don't make money unless people buy things with their cards. The less people can buy the less interest the credit card company can collect and the more likely that their already bad lending policies will come home to roost faster and harder than they might have otherwise. I don’t have a credit card and won’t get one so you know my bias. That said, if I’d thought the companies would pull those tactics when I did have credit cards I’d have gotten rid of them sooner and I probably wouldn’t have applied in the first place. Yeah, being too nosy and too draconian will hurt the credit card industry – they don’t make money unless people buy things with their cards. The less people can buy the less interest the credit card company can collect and the more likely that their already bad lending policies will come home to roost faster and harder than they might have otherwise.

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